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BUDGET 2018-2019 Special

Latest Updates - -The latest income tax slabs for 2018-2019 can be found here - Income tax slabs 2018-19.
-The latest free income tax calculator to calculate your latest tax and to compare your tax savings from previous year can be found here Free Income Tax calculator for calculating tax for 2018-19.

Union budget 2013 Highlights

  • While the income tax slabs and rates remain unchanged, an additional rebate of Rs 2000 will be available for people with income less than Rs 5 lakhs. And for people with income above 1 crore will attract 10% tax surcharge.
  • Educational Cess remained unchange at 3 %
  • Sport Utility Vehicles to have an increased excise duty. This makes it 30 per cent from the current 27 per cent.
  • Cigarattes also to be costly by 18% due to increase in excise duty.
  • All A/C restaurants included in Service tax.
  • Direct Benefit Transfer (DBT) Scheme will be extended accross the country.
  • Bill related to Direct Taxes Code (DTC) is planned to be introduced during the current session of Parliament.
  • Duty-free limits raised to Rs 50000 for men and Rs 1 lakh for women
  • Income limit for Rajiv Gandhi Equity Savings Scheme raised to Rs 12 lakhs
  • Agriculturist borrowing crop loans from private sector will obtain it at a subsidised rate.
  • Hundred percent tax deduction will be eligible for donations made to National Children's Fund.


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