Rank | State | E-Filling Count | Percentage |
1 | MAHARASHTRA | 10,686,533 | 16.00% |
2 | GUJARAT | 6,604,451 | 9.89% |
3 | UTTAR PRADESH | 6,072,493 | 9.09% |
4 | TAMILNADU | 4,537,303 | 6.79% |
5 | WEST BENGAL | 4,229,356 | 6.33% |
6 | RAJASTHAN | 4,128,911 | 6.18% |
7 | KARNATAKA | 3,919,473 | 5.87% |
8 | DELHI (UT) | 3,643,349 | 5.45% |
9 | PUNJAB | 3,067,644 | 4.59% |
10 | MADHYA PRADESH | 2,635,445 | 3.94% |
11 | HARYANA | 2,481,249 | 3.71% |
12 | TELANGANA | 2,259,002 | 3.38% |
13 | ANDHRA PRADESH | 2,210,878 | 3.31% |
14 | KERALA | 1,718,799 | 2.57% |
15 | BIHAR | 1,708,091 | 2.56% |
16 | JHARKHAND | 1,116,353 | 1.67% |
17 | ORISSA | 1,112,074 | 1.66% |
18 | CHHATTISGARH | 1,065,714 | 1.60% |
19 | ASSAM | 847,417 | 1.27% |
20 | UTTARAKHAND | 781,893 | 1.17% |
21 | HIMACHAL PRADESH | 525,045 | 0.79% |
22 | JAMMU & KASHMIR | 459,613 | 0.69% |
23 | CHANDIGARH (UT) | 272,594 | 0.41% |
24 | GOA | 232,948 | 0.35% |
25 | PONDICHERRY (UT) | 97,833 | 0.15% |
26 | TRIPURA | 86,334 | 0.13% |
27 | MANIPUR | 52,700 | 0.08% |
28 | FROM STATES OUTSIDE INDIA | 49,892 | 0.07% |
29 | ANDAMAN AND NICOBAR ISLANDS (UT) | 40,818 | 0.06% |
30 | MEGHALAYA | 37,465 | 0.06% |
31 | DADRA & NAGAR HAVELI (UT) | 35,970 | 0.05% |
32 | ARUNACHAL PRADESH | 23,065 | 0.03% |
33 | DAMAN & DIU (UT) | 21,839 | 0.03% |
34 | NAGALAND | 21,318 | 0.03% |
35 | SIKKIM | 16,682 | 0.02% |
36 | LAKSHADWEEP (UT) | 4,647 | 0.01% |
37 | MIZORAM | 3,938 | 0.01% |
Total | 66,809,129 | 100.00% |
Thursday, July 25, 2019
State wise Income Tax E-filing count for Financial Year 2017-18
Saturday, July 6, 2019
Highlights of Union Budget Highlights 2019-20
Highlights of Union Budget
Highlights 2019-20
1.
Taxes
·
No change in
personal income tax rates.
·
Increase in
surcharge on super rich:-
3% surcharge for Rs 2 crore income.
7%surcharge for Rs 5 crore and above.
· Annual turnover
limit for 25 percent corporate tax raised to Rs 400 crore from Rs 250 crore.
·
Taxpayers with
annual turnover of less than Rs five crore to have to file only quarterly.
·
Additional Rs 1.5
lakh deduction on home loans.
·
Interchangeability
of PAN and Aadhaar for ITR who don't have PAN cards.
·
Two percent TDS
on withdrawals of Rs one crore in a year from bank accounts for business
payments.
·
Government waives
MDR changes on cashless payment.
2.
Economy
·
Targets to become
a $3 trillion economy in FY20, $5 trillion in a few years.
·
Government
proposes changes to kick start domestic and foreign investment.
·
Will create the
blueprint for gas, water grids and regional airports.
·
Government has
proposed to expand Swach Bharat to include solid waste management in every
village
3.
To boost investment
·
To liberalise FDI
in aviation, media, animation and insurance intermediaries.
·
To implement
enabling measures to boost International Financial Service Centres (IFSCs).
·
To set up a
Credit Guarantee Enhancement Corporation.
·
To initiate steps
for electronic fund raising programme for listing of social enterprises,
voluntary organizations.
·
To hike statutory
limits for foreign investments in some companies
4.
Market reforms
·
Asks SEBI to
evaluate hiking minimum public shareholding to 25 percent from 35 percent.
·
Government will
work with exchanges to allow AA bonds to be used as collateral.
·
Proposes
rationalising and streamlining of KYC (know your customer) norms for Foreign
Portfolio Investors (FPIs) to make it investor-friendly.
·
NRI portfolio
route to be merged with FPI for seamless investment in stock markets.
·
Credit Guarantee
Enhancement Corporation will be set up in 2019-20, action plan to deepen
markets for long-term bonds with specific focus on infra sector to be put in
place.
·
The government
also plans to take up measures to make RBI and SEBI depositories inter-operable.
·
The government
will allow FPIs/NRIs to subscribe to listed debt papers of REITs and InvITs.
5.
Small businesses/MSMEs
·
The government
proposes to extend pension benefit to three crore retail traders with an annual
turnover less than Rs 1.5 crore under Pradhan Mantri Karam Yogi Man Dan Scheme.
·
Centre will
create a payment platform for MSMEs for payment of bills.
·
Hundred new
clusters will be set up in 2019-20 to enable 50,000 artisans to come into the
economic value chain.
·
Will set up
10,000 new farmer producer organizations.
·
To start
television programme exclusively for startups.
6. Railways
·
Railways to be
encouraged to invest more in suburban rail network via special purpose vehicles
(SPVs) and enhance metro rail network through public-private partnerships.
·
Railway station
modernisation programme will be launched this year.
7.
Education
·
The government
will bring in new education policy to propose changes in school, higher
education.
·
The government
also proposed to set up a national research foundation to fund, coordinate and
to promote research in the country.
·
National Research
Foundation will assimilate research grants by ministries.
·
A Gandhi-pedia is
being developed to sensitise youth about Mahatma Gandhi's ideas.
·
Draft legislation
for higher education commission of India to be presented.
·
Proposes Study in
India programme to attract foreign students.
·
National Sports
Education Board to be set up under Khelo India scheme.
·
Allocate Rs 400
crore for world-class higher education institutions in financial year 2020
8.
Labour reforms
·
Government to
streamline multiple labour laws into a set of four labour codes.
·
The government
plans to focus on training new age skills like AI, robotics, 3D printing.
9. Ease of
living
·
Rs 3,000 pension
per month for informal sector workers.
·
Aadhaar card
under 180 days for NRIs on arrival in India.
·
The government to
open embassies in countries where India doesn't have a resident diplomatic
mission as yet.
10. Women
empowerment
·
Nari tu Narayani:
Women SHG Interest Subvention Programme to be expanded to all districts in
India.
·
Rs 1 lakh loan to
be provided for SHG women members.
·
Every verified
woman SHG member with a Jan Dhan account can avail Rs 5,000 overdraft facility.
11. Banks
·
Allocate Rs
70,000 crore for PSU bank recapitalisation
12.
NBFCs
·
Fundamentally sound
NBFCs to keep getting funding from banks.
·
To allow FIIs and
FPIs investment in debt securities issued by NBFCs.
13. Agriculture/fisheries
·
Government to
invest widely in agriculture infrastructure.
·
Support private
entrepreneurship in value addition in agriculture.
·
Proposes Pradhan
Mantri Matsya Sampada Yojana to address critical infrastructure gap in
fisheries sector.
14. Transportation
·
To carry out
comprehensive restructuring of National Highway programme.
·
Cargo volume on
Ganges to increase four times over the next four years.
·
In second phase
of Bharat Mala project, states will be helped to develop roadways.
·
A total of
1,25,000 km of roads will be upgraded under Pradhan Gram.
·
Sadak Yojana
under Phase III at estimated cost of Rs 80,250 crore.
15. Aviation
·
Time right for
India to enter into aircraft financing and leasing.
·
Will create
congenial atmosphere for development of MRO services.
·
To harness
India's space ability commercially, New Space India (NSIL) has been
incorporated to tap the benefits of ISRO.
16. Power
·
Package for power
sector tariff and structural reforms to be unveiled soon.
17. Retail
·
Local sourcing
norms to be eased for single-brand retail FDI
18.
Real estate
·
Will finalise a
model tenancy law and circulate to states; and propose steps for rental housing.
·
Govt proposes
setting up 1.95 crore houses under Pradhan Mantari Awas Yojna (Rural).
Wednesday, February 6, 2019
40 Key Highlights of Interim Union Budget 2019
1. Individual tax payers
earning income up to Rs 5 Lac will get full tax rebate, ensuring if you invest
in 80C like PPF etc you won’t be taxed up to Rs 6.5 Lacs.
2. Standard Deduction for
salaried class increase from Rs 40,000/- to Rs 50,000/-.
3. TDS threshold on interest
on bank and post office deposits rose from 10,000 to 40,000 rupees.
4. No TDS on House Rent up to
Rs 2.4 Lakhs.
5. Benefit of rollover of
capital tax gains to be increased from investment in one residential house to
that in two residential houses, for a taxpayer having capital gains up to 2
crore rupees; can be exercised once in a lifetime.
6. Gratuity limit increased
from 10 lakh to 30 lakh rupees for all.
7. MSME registered under GST
will get of 2 per cent interest subvention on the incremental loan of 1 Crore.
8. NPS has been more
liberalised. The government has increased its share to 14 per cent from the
existing 10 per cent.
9. Computerised system to be
in place in next 2 years eliminating direct interference of officers and
clients in Scrutiny of Income Tax Cases.
10. Businesses with less than
Rs. 5 crore annual turnovers, comprising over 90% of GST payers, will be
allowed to return quarterly returns.
11. The Kisan yojana will be
effective December 1, 2018, and the money will be directly transferred into
their account.
12. Under Pradhan Mantri Kisan
Samman Nidhi, 6000 rupees per year for each farmer, in three installments, to
be transferred directly to farmers' bank accounts, for farmers with less than 2
hectares land holding.
13. 2018-19 Revised Fiscal deficits
at 3.4% Current account deficit to be contained to 2.5%.
14. Rs 3 lakh crore recovered
by banks through IBC.
15. Rs 3 lakh crores loan defaults have already
been recovered.
16. Close to 3 lakh crore
already recovered in favour of banks and creditors, big defaulters are not
spared by our government. Recapitalization of banks amounting to 2.6 lakh crore
has been done.
17. Budget allocation of Rs
60,000 crore for National Rural Employment Guarantee Act in 2019-20.
18. FY19 Food Subsidy Spend
Was Rs 1.7 Lakh Crore.
19. Rs 60,000 crores set aside
for MGNREGA this year.
20.21 AIIMS operating in India now, 14 of which were announced
from 2014, The 22nd AIIMS will be created at Haryana.
21. Mahatma Gandhi National
Rural Employment Guarantee program’s allocation increased by Rs 5000 crore to
Rs 60,000 crore.
22.Pradhan Mantra Gram Sadak Yojana allocation is set at Rs
19,000 crore.
23.Increased allocation for Rashtriya Gokul Mission to 750 crore
in current year.
24.2% interest subvention to farmers pursuing animal husbandry
and fisheries.
25.In place of rescheduling of crop loans, all farmers severely
affected by severe natural calamities will get 2% interest subvention and
additional 3% interest subvention upon timely repayment.
26.Without disturbing the existing reservation system, a 10%
reservation for economically weaker sections in educational institutions and
government jobs has been ensured.
27.New Pension Scheme has been further liberalized as
Government's contribution has increased to 14%.
28.Mega Pension Yojana, namely Pradhan Mantri Shram Yogi Mandhan,
to provide assured monthly pension of 3000 rupees per month, with contribution
of 100 rupees per month, for workers in unorganized sector after 60 years of
age.
29.For workers who receive grievous injuries, they will now get
Rs 6 lakh from Rs 2.5 lakh through EPFO.
30.For workers and labourers, a new pension scheme will come up.
The pension has been increased from Rs 3,500 to Rs 7,000.
31. 1 crore loan can now be
obtained under 59 minutes.
32.Defence budget this year is over 3 lakh crore.
33.Allocation for the north eastern region has been proposed to
be increased to Rs 58,166 crore in this year, it will be a 21% rise over the
previous year.
34.Within almost two years, almost all assessment and
verification of IT returns will be done electronically by an anonymized tax
system without any intervention by tax officials, Refunds to be processed
within 24 hours.
35.Unmanned system to be created for scrutiny of income tax
returns.
36.Exemption for GST for small business has been doubled to 40
lakhs - business having turnover upto 1.50 crores have been given an option
under composition scheme to pay 1 per cent flat rate and to file one annual
return.
37.Expenditure to rise by 13% from RE 2018-19 to BE 2019-20.
38.Centrally Sponsored Schemes To Get 3,27,679 Crore In FY20.
39.Amendments proposed to ensure streamlined system for levy of
stamp duties, to be imposed and collected at one place, seamlessly Along with
completion of fiscal deficit consolidation programme, we will now focus on
debt-to-GDP ratio consolidation.
40.56,619 crore made in BE 2018-19 for welfare of SCs and STs,
increased to 62,474 crore in RE 2018-19 has been further increased to 76,800
crore in BE 2019-20:
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