Good News will bring the budget! Gift of Income Tax Deduction

Good News will bring the budget! Gift of Income Tax Deduction

The budget for the next fiscal will be presented on February 1. Economic Survey will be presented on January 31, in which the image of the economy will be clear. Parliament's budget session can start on January 30. That is, the session of Parliament will be called for the second time in January 2018. The winter season will last until January 5 and the budget session will start from January 30. According to sources, the issue which will be the most focused on the people in the budget, is the reduction in income tax rates and slays.
Middle class will get Gift
It is believed that by keeping in mind the change in the income tax rates, the government can make the country's highest population-centric middle class in mind, in 2019 Lok Sabha elections will be held. Thus, the committee has been formed to make the necessary changes to the direct tax code. Which will recommend themselves in a short time. This can lead to some significant changes connected with the income tax.
It is worth mentioning that the budget was introduced on February 1, during the current financial year, breaking tradition of Oval from the British era. This was first introduced in late February. This year the Railway Budget has been merged with the general budget.
The first budget after GST
The budget of 2018-19 will be the first budget after the GST is implemented. This budget will be the final full budget of the Modi government.
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