Key Highlights of Union Budget 2018

The budget proposes an institutional mechanism to fix the emoluments of the elected members, thereby addressing the criticism that they fix their own salaries: FM Arun Jaitley

Step by step, in every budget, I have been putting surplus money in the hands of the middle-class taxpayer: FM Jaitley

This year's Budget on the GST revenue is a 12 month Budget with an 11-month revenue: FM

Finance Minister Arun Jaitley addresses the media after presenting the Union Budget 2018-19.

This budget will accelerate economic growth, it is focused on all sectors: PM Modi

Sensex at 35,526.23, down by 438.79 points

FM Arun Jaitley proposed to tax long term capital gains exceeding Rs 1 lakh at 10% without indexation.

Jaitley re-introduced LTCG tax on equities, while STCG tax was maintained at 15%. 

Custom duty on mobile phones increased to 20% from 15%: Arun Jaitley

National Insurance Co, Oriental Insurance Co and United Assurance Co to be merged into one entity and subsequently listed.

Propose to introduce tax on distributed income by equity oriented mutual funds at 10%: FM Jaitley

FM proposed to extend 25% corporate tax rate to companies with revenue up to Rs 250 crore.

For senior citizens, exemption of interest income on bank deposits raised to Rs 50,000: Arun Jaitley

Jaitley leaves personal income tax slabs unchanged.Standard deduction increased to Rs 40,000 for medical expenditures.

More payers joining tax net but turnover not encouraging: Arun Jaitley