Arun Jaitley, Union Budget 2018-19, Lok Sabha, Union Budget 2018
Business Today
Budget 2018: Standard Deduction of Rs 40,000 on income tax actually amounts to just Rs 10,000 benefit

Budget 2018 has been kinder to senior citizens, in order to allow them a "dignified life".  To begin with, tax exemption of interest income from bank deposits has been raised to Rs 50,000 from the current Rs 10,000.

 
 
From the exemption of interest income to raising the limit of deduction for health insurance, the government seems to be focusing on the welfare of the elderly.
We have managed to get children to school but the quality of education is still a cause of serious concern, the minister said.
Have any questions you'd like to ask him directly? The #AskYourFM talkathon begins at 7 pm, so be ready to start tweeting.
Speculations are running rife that the Budget 2018 will be a populist one, for many reasons, one of which is that it is the Modi government's last complete budget.
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