Budget 2018 disappoints general taxpayers, no change in slab, benefits to senior citizens
Budget 2018 disappoints general taxpayers, no change in slab, benefits to senior citizens
Finance Minister Arun Jaitley, who was very eager, has kept him away without any change in personal tax limits. However, he has allowed standard deduction of Rs 40,000 in his salary income to the jobs. Apart from this, senior citizens have made big profits by increasing the limit of fixed deposits in health insurance and bank. Jaitley raised the limit of interest on fixed deposits in the bank from Rs10,000 to Rs.50,000. Apart from this, the tax-free limit of premium on health insurance has been increased from Rs. 30,000 to Rs. 50,000.
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