Monday, July 23

Tag: Arun Jaitley

Union Budget 2018: Major Personal Finance Highlights

Union Budget 2018: Major Personal Finance Highlights

All, India, Politics
Finance Minister Arun Jaitley disclosed the Union Budget 2018 on Thursday. The budget was more than give than take for the taxpayer. The government reintroduced standard deduction, increased take-home salary of women in the workforce, benefits for senior citizens. On the other hand, they took away the travel and medical allowance of the salaried class, hiked the cess on income tax and introduced long-term capital gains tax on equity. Check out some personal finance takeaways from the government’s budget: Standard Deductions gets reintroduced Finance budget 2018 reintroduced the standard deduction from salary income to employees. The standard deduction is a flat amount of Rs 40, 000 subtracted from the salary income before calculation of taxable income. The standard deduction was the
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