UNION BUDGET 2018 STARTS TODAY: HERE ARE THE 5 BASIC THINGS TO KNOW

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The top priority of the Narendra Modi government during the union budget is the farmers’ issue. To know whether the budget will give a positive impact or a negative impact in our bank balances, we should wait and watch.

Income Tax

Income Tax
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The income tax that we pay will be determined the union budget. The tax slab for those who have an annual income between Rs 0 - Rs 2.5 lakhs is 0%, Rs 2.5 lakhs to Rs 5 lakhs is 5%, Rs 5 lakhs to Rs 10 lakhs is 20% and for those who have annual income more than Rs 30 lakhs, the tax is 10%.