No Change In Income Tax Structure For Individuals, Says Arun Jaitley

PUBLISHED ON: February 1, 2018 | Duration: 1 min, 09 sec

  
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Finance Minister Arun Jaitley on Thursday proposed no new changes in income tax rates applicable to individual. The finance minister, however, introduced standard deduction of Rs 40,000 for the salaried class. Standard deduction allows for a flat deduction from income of a salaried individual towards expenses that would incur in relation to his or her employment.
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