Live updates and discussion on Budget


Finance Professional

Proposal to increase Education Cess by 1%

 
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Finance Professional

E-assessment to be rolled across the country to transform assessment procedure of IT dept

 
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Ltcg of 1 lakh tax at 10% from today!
 
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service

Govt’s 12% contribution to EPF for new employees: #UnionBudget2018

 
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Finance Professional

In case of no deduction of tax for payments abouve Rs. 10000 to trust, 30% shall be taxed.

Incentives for sr citizens: Exemtion of interest income on bank deposits raised to Rs, 50000.

Proposal to amend income tax act to notify new scheme for assessment.

Central boards of Excise & Customs name changed to central board of indirect taxes & customs.

 
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Finance Professional

Jaitley reintroduces standard deduction of Rs 40,000 for salaried individuals #UnionBudget2018

 
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Finance Professional

   Corporate income tax rate cut to 25% for companies with turnover of upto Rs 250 crore 

 
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Finance Professional

   I-T laws tweaked to incentivise more hiring 

 
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Want to move from blackboard to digital boards, says FM
 
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Standard deduction of rs 40000/- for income tax payer statrted again.

 
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