Home » Videos » News
By : Oneindia Video Team
Published : February 01, 2018, 04:47

Union Budget 2018 : Arun Jaitley announces no change in the income tax slabs

Presenting the Union Budget 2018 in Parliament on Thursday, Finance Minister Arun Jaitley announced that there will be no change in the income tax slabs to levy tax on the income of an individual or non-individual. Jaitley said the government has made many positive changes in the personal income tax rates applicable to individuals in the last three years and therefore it does not wish to make any changes to this. However, a standard deduction of Rs 40,000 will be applicable for salaried employees in lieu of transport and medical expenses. This is the first budget after the application of GST, which was put into effect from July 1. Watch this video to know more about the news.

For Breaking News from Oneindia
Get instant news updates throughout the day.

Subscribe to Oneindia News YouTube Channel for latest- exclusive news and video
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more