Expectation of the common man on the income tax slab in the next budget

Sairam

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On February 01, 2018, Finance Minister Arun Jaitley will implement the Union Budget 2018-19. This budget is very important, because it is the final budget of Modi government's final budget post GST and final budget before the 2019 general elections.

On February 01, 2018, Finance Minister Arun Jaitley will implement the Union Budget 2018-19. This budget is very important because it is the final budget of GST and Modi government before the general election of 2019. This budget will be the ultimate opportunity for the Modi government to attract a huge Indian group. Therefore, we sincerely hope that please increase the tax exemption limit for the salaried class.

In the previous budget, the Union Budget 2017-18, the government reduced tax rates for individuals between 10 to 2.5 to 5 lakh. Therefore, the subsequent tax slab of all individual taxpayers is Rs. A tax benefit of 12,500 is received. However, the common man still puts emphasis on rising costs. As such, the government should convert the entire personal tax slab to provide some significant relief to the people.