India is perhaps one of those very few countries where well before the budget is presented it is waited and celebrated like a national festival. Team Modi-Jaitley budget 2018 is no different as it contains all the elements of reaching out to public by benefitting them, but without compromising on development and fiscal discipline reforms. The salaried class, who are the prospective readers of this piece will be happy to note a 40 K standard deduction in the tax structure. The revenue loss to the government due to offering of standard deduction will be to the tune of 8 K crore. The young India’s budget is equally concerned for its senior citizens, particularly their health.

Source: dna February 02, 2018 01:07 UTC