Highlights of Tax Proposals - Union Budget 2018-19

Last updated: 05 February 2018

UNION BUDGET 2018 HIGHLIGHTS - DIRECT TAXES TAX RATES No change in tax rates and basic exemption limit Tax rates continue to be same for A.Y. 2019-20 as applicable for A.Y. 2018-19. Further, there is no change in the basic exemption limits. Health and Education Cess Education Cess on income-tax @2% and Secondary and Higher Education Cess on income-tax @1% is levied. Proposed amendment: A new cess named Health and Education Cess is proposed to be levied @4% of income-tax i
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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