Budget 2018: What is STANDARD DEDUCTION SCHEME?

02 Feb 2018 06:42 AM

Budget 2018: What is STANDARD DEDUCTION SCHEME?

Updated 02 Feb 2018 06:42 AM

Budget 2018: What is STANDARD DEDUCTION SCHEME?

One section of the Indian society remained unhappy with the budget 2018-19. This section was the middle class. Finance Minister Arun Jaitley did not do any changes in the Income Tax slabs for this year. He said, "The government has made many positive changes in the personal income tax rates applicable to the individuals in the last three years. Therefore, I do not propose to make any changes in the structure of the income tax for the individuals."

Due to this announcement, salaried class felt left out.

But the scheme of Standard Deduction was started again. Know how will it affect your income and the tax you pay

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