1. Huge benefit to SMEs as Income tax rate reduced to 25% for corporates having annual turnover up to Rs. 250 Crores.
  2. Exemption for Interest received on deposits raised to Rs. 50000 for senior Citizens
  3. Mobile phones getting expensive as government increased 20% custom duties on them.
  4. Cess has been raised to 4% (previously 3%)
  5. There will be no change in slab rates for the individual tax payers in this budget.
  6. Standard deduction of Rs. 40000 to salaried people against conveyance and medical reimbursements
  7. Cryptocurrencies under threat as government will take all steps to eliminate which are being used for illegal fundings.
  8. Government to launch health scheme by giving health benefits of Rs. 500000 every year to 10 crore families.
  9. 10% Tax on Long term capital gains exceeding Rs. 1 lakh without indexation.
  10. Now under Ujjwala scheme 8 crore rural women shall get benefits of free LPG connections.

Download Finance Bill 2018