Union Budget 2019 Bookmark has been added
Union Budget 2019
Our experts share insights and in-depth analysis from Union Budget 2019 on the critical issues and key reforms announced on 5 July, 2019.
Know Your Budget 2019: Information to Insights
Read the in-depth report on Union Budget 2019 for key tax proposals, policy updates, and impact across sectors.
From the Influencers: Union Budget 2019
Browse through ‘From the Influencers’ for Deloitte SME perspectives and industry views.
Glimpses of Budget 2019: Key highlights of the Budget Speech
The much awaited Union Budget 2019 was announced on 5 July 2019. Explore the highlights to obtain a quick overview of the key tax and policy announcements made by Finance Minister in the Budget speech.
- Personal taxation - Additional surcharge on income exceeding INR 2 crs
Surcharge to increase effective tax rate by about 3 percent for individuals with taxable income of INR 2 upto 5 crs
Surcharge to increase effective tax rate by about 7 percent for individuals with taxable income of INR 5 crs and above
- Corporate tax - Increased turnover threshold for claiming 25 percent tax rate
The current lower tax rate of 25 percent is applicable only to companies whose annual turnover is up to INR 250 crs. This annual turnover threshold is proposed to be increased to INR 400 crs.
99.30 percent of the companies would now be entitled to claim the reduced tax rate of 25 percent