jaitly budget 2016-17

• 
• Arun Jaitly 
• Increase HRA to 60,000 per annum
• Will reduce burden of tax for small tax payers
• Tax rebate those under Rs 5 lakh/year
• Relief for those who stay in rented houses
• Tax benefits for start-ups annunced
• Calibrated approach in cutting corporate tax
• Impetus to food processing industry
• To incentivise gas production from deep sea
• Measures to fight bankruptcy situation in banks
• Comprehensive codes on financial firms
• SEBI to develop new derivatives
• New measures to fight ponzi schemes
• To revamp public sector banks
• Debt recovery tribunal to be strengthened
• More ATMs across India
• Govt lays roadmaps for consolidation of PSU banks
• No change in recap outlay of banks
• Aadhar card to be linked to social security benefit
• DBT to farmers for fertilisers, in some districts for nwo
• *now
• FM retains fiscal deficit targets
• To allow start-ups to register in one day
• Fiscal deficit target at 3.5%
• Fiscal prudence is the mantra says FM
• Time for review of FRBM Act
• FM announces tax proposals
• Relief to small tax payer
• 9 point plan while drafting tax proposals
• Tax norms for professionals eased
• Measures in pension scheme, senior citizens benefit
• Committed to implementing GAAR from April 2017
• 40% exemption for senior citizens
• 10% Tax on dividend over 10 lakh