Budget allocates INR 39,000 crore for NREGS
The Central government has hiked the allocation for its flagship rural job scheme by 144% to INR 39,000 crore.
The Central government has hiked the allocation for its flagship rural job scheme by 144% to INR 39,000 crore.
The allocation for the Jawaharlal Nehru National Urban Renewal Mission has been increased by 87% to INR12,887 crore, Finance Minister Pranab Mukherjee said while presenting the union budget in Parliament.
Income Tax exemption limit for senior citizens increased by INR15,000, for women and others by INR 10,000 each, while keeping the corporate tax rate unchanged in the Budget.
The government will work towards simplifying the tax structure in the next four years and also introduce a simplified version of tax filing form Saral, called Saral 2.