Friday, June 25, 2021
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Union Budget 2018 failed to benefit common men

I did not find the Union Budget 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 and 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 benefitted the government at the Centre.

(The views expressed by the author in the article are his/her own.)

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