Live updates and discussion on Budget


Finance Professional

 

Proposal to benefit 99% companies filing tax returns

 
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Retired Executive Director(RINL)

All most all state governments are promising free power, free gas, and free housing to poor again Central Government promise the same. How duplication is going to be avoided. With this measure more poor families will grow. All sons sets up separate family units even though they live in one home.
 
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No change in personal income tax structure: FM
 
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Finance Professional

Standard deduction for salaried taxpayers for transport and medical allowance up to Rs. 40000.

 
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Finance Professional

FM says, deduction for senior citizens increased to Rs 50,000 for medical insurance 

 
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Finance Professional

Rs 19,000 cr revenue loss on direct tax: FM   

 
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Deduction for senior citizens with critical illness raised to Rs 1 lakh: FM
 
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Finance Professional

Incentives for senior citizens: Exemption of interest income on bank deposits raised to Rs. 50,000

 
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Finance Professional

Deduction limit for medicare up to Rs 80,000 senior citizens, for every senior citizens upto rs 1 lakh

 
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service

Govt levies long-term capital gains tax of 10% for over Rs 1 lakh investments: FM: #UnionBudget2018

 
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