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Budget 2020 / China spends more on education than the budget of India; America’s defense budget is more than double our year’s expenditure

new Delhi. The people of the country are eyeing the budget to be presented on February 1. Last year i.e. for 2019-20, a budget of Rs 27 lakh 86 thousand 349 crore was presented, which was 13.4% higher than the budget of 2018-19. China only spends more on education than our budget last year. According to China’s government data, till October 2019 it spent 2876.8 billion yuan (29 lakh 58 thousand crore) on education. Our defense budget in 2018-19 was 4 lakh 31 thousand 011 crore. Out of this, 3 lakh 5 thousand 296 crore rupees were for the three armies. On the other hand, the US defense budget in 2019-20 was $ 718 billion (Rs 51.21 lakh crore), which is almost double of our total budget.

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BusinessIndiaOpinion

budget 2020 / Tax can be reduced from 20% to 10% on income from 5 lakh to 10 lakh

Now when 20% tax is imposed, 10% tax is levied
Standard deduction: Rs 50 thousand Standard deduction: Rs 50 thousand
Tax on the remaining Rs 9.5 lakhs Tax on the remaining Rs 9.5 lakhs
0% up to 2.5 lakh rupees 0%
2.5 Lakhs to 5 Lakhs 5% (Rs 12,500) 2.5 Lakhs to 5 Lakhs 5% (Rs 12,500)
20% on the remaining 4.5 lakhs (Rs 90,000) 10% on the remaining 4.5 lakhs (Rs 45,000)
Total: 1 lakh 2 thousand 500 rupees Total: 57 thousand 500 rupees
4% Cess: Rs 4,100 4% Cess: Rs 2,300
Total tax liability: Rs 1 lakh 6 thousand 600 Total tax liability: Rs 59 thousand 800 Savings: Rs 46,800
80C deduction not included in tax calculation

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Big StoryDelhiIndia

Corona virus India : Ram Manohar Lohia Hospital in Delhi has 3 suspected cases of corona virus

At the same time, more than 100 people in Kerala and Maharashtra have been kept under medical supervision in view of the possibility of corona virus. Meanwhile, the Prime Minister’s Office (PMO) on Saturday reviewed India’s preparedness to deal with it amidst global concern over the growing cases of deadly corona virus in China. Union Health Minister Harsh Vardhan said that no verified cases of the disease have been reported so far but samples of seven people who have returned from China have been sent to the ICMR-NIV laboratory in Pune. Earlier, this virus was also not found in samples of four other passengers tested.

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