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Budget 2018: No Change in personal tax slabs

By Oneindia Staff Writer

Finance minister Arun Jaitley will present the Union Budget 2018 in Parliament on Thursday, with investors expecting increased spending and a reduction in tax slabs.

In his budget speech, Jaitley is expected to address agriculture distress, unemployment and ways to boost growth in the Indian economy while sticking to fiscal prudence.

The Union Budget 2018-19 will be the last full Budget of the BJP-led NDA as the general elections are due in 2019.

Stay tuned for more LIVE updates on Union Budget 2018.

Newest First Oldest First
12:51 PM, 1 Feb
Sensex at 35,526.23, down by 438.79 points.
12:50 PM, 1 Feb
Customs duty on mobile phones increased from 15% to 20%: FM
12:50 PM, 1 Feb
Mobile phones to be costlier
12:48 PM, 1 Feb
Gain from equity to be taxed at 15%
12:46 PM, 1 Feb
In a relief to salaried class a standard deduction of Rs 40,000 is allowed.
12:45 PM, 1 Feb
Incentives for senior citizens: Exemption on interest income to be increased from Rs 10000 to Rs 50,000. Applies to all fixed deposit scheme: FM
12:45 PM, 1 Feb
Deduction for health insurance and critical illness expenses increased for all senior citizens: FM Jaitley
12:42 PM, 1 Feb
Govt proposes to step up 5 lakh Wi-Fi hotspots which will provide broadband access 5 crore rural citizens: Finance Minister
12:40 PM, 1 Feb
Propose 100% tax rebate for farmer producer companies having a turnover of Rs. 100 crore: FM Jaitley
12:38 PM, 1 Feb
Govt has made many positive changes in the personal income tax rates applicable to individuals in the last three years, therefore, I do not wish to make any changes to this: Jaitley
12:35 PM, 1 Feb
No Change in personal tax slabs
12:35 PM, 1 Feb
Corporate tax reduced to 25% for companies of Rs 250 cr turnover
12:33 PM, 1 Feb
More payers joining tax net but turnover not encouraging: Arun Jaitley
12:32 PM, 1 Feb
Direct tax collection up by 12.6%
12:31 PM, 1 Feb
Gold monetisation scheme being revamped so that people can open gold deposit accounts in a hassle-free manner: FM Arun Jaitley
12:28 PM, 1 Feb
81.51 lakh news tax payers filed returns: Jaitley
12:25 PM, 1 Feb
Emoluments of the President to be revised to Rs 5 lakh per month & emoluments of the Vice-president to be revised to Rs 4 lakh per month: Arun Jaitley
12:23 PM, 1 Feb
Projection of Fiscal Deficit for 2018-19 is 3.5%.
12:22 PM, 1 Feb
Jaitley proposes law to revise salaries of MPs every 5 years.
12:21 PM, 1 Feb
Salaries of President and Vice President increased. Jaitley proposed refixing of MPs.
12:18 PM, 1 Feb
Govt has identified 372 specific business reform actions to improve ease of doing business; Evaluation of performance under this programme to be based on user feedback: Jaitley
12:14 PM, 1 Feb
Jaitley emphasises on defence modernisation.
12:11 PM, 1 Feb
All stations with more than 25,000 footfall will have escalators. Airport capacities will be upgraded to 1 billion trips: Jaitley
12:10 PM, 1 Feb
Focus will be on safety, maintenance of railway tracks, increase in use of technology and fog safety devices: FM Jaitley
12:10 PM, 1 Feb
Suburban network of 160 km planned for Bengaluru: Jaitley
12:07 PM, 1 Feb
4,000 kms news railway tracks to be laid by 2019.
12:05 PM, 1 Feb
Redevelopment of 600 railway stations proposed
12:05 PM, 1 Feb
Contribution of 8.33% to EPF for new employees by the govt for three years and 12% govt contribution to EPF in sectors employing large number of people: Arun Jaitley
12:04 PM, 1 Feb
Rs 1.48 lakh crores allocated to railways
12:02 PM, 1 Feb
Railway Budget

Here are some of the important points you need to watch out for during the speech:

1. Will there be any new framework suggesting a fiscal deficit range from 2018-19?

2. Will a common man get income tax relief with an increase in the exemption limit.

3. Will Jaitley bring back the long-term capital gains tax (LTCG) in stock markets?

[Budget 2018: A tough choice between fiscal prudence and populism]

4. Will Jaitley cut the headline corporate income tax rate from 30 percent?

5. Will the budget contain measures to address concerns of rural distress and lift farm income?

6. Will excise duties be cut to lower prices on petrol and diesel?

[Budget 2018: Will Modi sarkar reduce income tax?]

7. Will standard deduction for salaried individuals make a comeback?

The first phase of the Parliament Budget session began from January 29 and will continue till February 9 and the second phase from March 5 to April 6.

The upcoming session will provide a total of 31 sittings of Parliament (eight sittings in the first phase and 23 sittings in the second phase) spread over a period of 68 days.

2018 Budget session is crucial as it comes after the Modi government's two very big financial decisions in the last couple of years- Demonetisation and implementation of GST. And also, this could be the last budget of present NDA government.

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