1-Tax Payer Charter will announce soon

2-Tax Payer Statute coming Soon 

3-Deposit Insurance raised up to Rs.500000/

4- government stake in IDBI Bank will be sold 

5- Government to sell part of his stake in LIC

6- Significant Tax Reforms undertaken 

7- new Rate for 


0-500000 = Nil





1500000 plus =30% 

8-Removed 70 deduction around in new Tax resume

9-removed Dividend Distribution Tax , receiver will pay tax on such income . Now Dividend income will be taxable 

10-New Manufacturing company tax rate will 15% 

11- Start up exempt from tax turnover  upto 25 crore for 3 year 

12- 44AB limit 5 crore for MSME

13-Circle rate and Actual Sale price difference increase to 10% 

14-Faceless Appeal introduced 

15-Sabka Vishwas scheme , pay tax and no penalty and interest upto June 2020.