2018 Indian budget highlights- is budget common man friendly?

in #budget • 7 years ago

  • NO PERSONAL INCOME TAX CHANGES PROPOSED IN BUDGET

  • Growth in direct taxes (till Jan 15) is 18.7 %

  • Surcharge of 10% on income above Rs 50 lakh but less than Rs 1 cr to be continued next year; ..

  • Rs 7.5 lakh per senior citizen limit for investment in interest-bearing LIC schemes doubled to Rs 15 lakh

  • Standard deduction of Rs 40,000 allowed for transport, medical reimbursement for salaried tax payers

  • Govt to reduce hardships faced in realty deals; no adjustment to be made in case circle rate does not exceed 5 pc of ..

  • LONG TERM CAPITAL GAINS EXCEEDING RS 1 L AKH WILL BE TAXED AT 10% WITHOUT INDEXING

  • Short term capital tax remains at 15%

  • 8 crore poor women will get new LPG connections.

  • PM Saubhagya Yojana: 4 crore poor people will get power connection.

  • The government will spend Rs 16,000 crore on this scheme.

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#india #tax #commonman
7 years ago in #budget by
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