Budget for Salaried People

Updated : Feb 2, 2018

Budget 2018: Bad news for the middle class; mobile phones, gold, LCD TV, vegetable oil, watches get costlier

However, raw cashew nuts, solar tempered glass, accessories for cochlear implants have been made cheaper.

Updated : Feb 2, 2018

Budget 2018: Decoding the effect of FM Arun Jaitley's speech on salaried taxpayers

At present, a 3 per cent cess, consisting of 2 per cent cess for primary education and 1 per cent cess for secondary and higher education, is levied on personal income tax and corporation tax.

Updated : Feb 1, 2018

Budget 2018: FM Arun Jaitley proposes 4% health & education cess

At present, a 3 per cent cess, consisting of  2 per cent cess for primary education and 1 per cent cess for secondary and higher education, is levied on personal income tax and corporation tax.

Updated : Jan 20, 2018

Budget 2018: Will medical reimbursement limit be increased?

The amount of Rs 15,000 was set in effect from April, 1999 that is almost 20 years ago. 

Updated : Jan 19, 2018

Budget 2018: Will the government revise tax slabs?

A proposal was recently made to the finance ministry calling for a revision of the tax slab and raising the limit from Rs 2.5 lakh per annum to Rs 3 lakh.

Updated : Jan 18, 2018

Union Budget 2018: Govt should take steps to make school expenses tax free

As per the current norms of the Income Tax Act, tax payers spending on education of their children get exemption on paying income tax.

Updated : Jan 18, 2018

Budget 2018: What's on the aam aadmi's wishlist?

Two weeks to go before Finance Minister Arun Jaitley presents the Union Budget 2018-2019, the last regular Budget under the Narendra Modi government. Public expectation, therefore, is high that the coming Budget will be populist in nature, trying to please as many as possible.

Updated : Jan 16, 2018

Budget 2018-19: Arun Jaitley may hike income tax exemption limit from Rs 2.5L to Rs 3L or more

The finance ministry is considering a proposal to hike the personal income tax exemption limit from Rs 2.5 lakh per annum to Rs 3 lakh or more and also introduce some changes in the tax slabs to lighten the taxpayers' burden.