Wednesday, May 13, 2020

Relief package of 20 lakh crore highlighted points

Important points are as follows:-
1.Prime minister aim to make                          " Self Reliant India "or "आत्मनिर्भर भारत"
2.There are five pillars of self Reliant India are Economy, infrastructure, system ,Demography, Demand.

Total relief package is 20 lakh crore which is 10% of the total GDP of India 

Relief package allocated in following manner.
1.Pradhan Mantri Garib Kalyan Package
 Rs  1.70 lakhs crore allocates
1. 50 lakh for insurance cover of health worker.
2. 24% of the wages will be credited to EPF of the employees whose wages below 15000 rs per month.


Relaxation in the statutory compliance
1• Due date of all income-tax return for FY 2019-20 will be extended from 31st July,     2020 & 31st October, 2020 to   30th November, 2020 and Tax
audit from 30th September, 2020 to 31st oct.2020


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