<h1>Union Budget 2019-20: Lower Corporate Tax, Digital Payment Boosts, Electric Vehicle Incentives, and Modernized Tax Administration.</h1> The Union Budget 2019-20 introduced several tax proposals to stimulate investments in start-ups and sunrise industries, including a lower corporate tax rate for companies with turnover up to Rs. 400 crore. Surcharge rates were increased for high-income individuals, and measures were introduced to encourage digital payments and electric vehicle adoption. Customs duties were adjusted to support domestic manufacturing and reduce import dependence. The budget also proposed tax incentives for affordable housing and modernized tax administration, including faceless assessments and pre-filled tax returns. Additional measures included a Legacy Dispute Resolution Scheme and amendments to the Customs Act to prevent violations.