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Budget 2018-19, a boon or a curse?

Friday, February 02, 2018

I did not find the Union Budget 2018-19 beneficial at all. I expected an increase in the income tax slab to help the middle-class income groups save more. I also expected an increased limit on tax-saving Sections like 80C, 80C, 80CCC & 80CCD (deduction for premium paid for annuity plan of LIC or other insurance policies) Besides this, I also expected that the tax-free limit on interest earned from bank fixed deposit be raised to Rs 50,000 per annum. But the Finance Minister, Arun Jaitley did not give us (the common man) the benefits. The budget only benefited the government at the Centre. Both, the Finance Minister and the Prime Minister, Narendra Modi should resign from their posts as this budget was friendly only to the Prime Minister, the President, the Vice President and Governors and Members of the Parliament because of a super huge increase in their salaries and also with a condition to increase them further as per inflation. They Live, We Die!
— Jubel D’Cruz, Mumbai

 

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