Budget 2018: Here’s an income tax calculator for 2018-191 min read . Updated: 01 Feb 2018, 08:54 PM IST
While a standard deduction has been announced in Union Budget 2018, there has been no change in the income tax slabs. Here's a free tax calculator tool to calculate your income tax for 2018-19
In the Union Budget 2018, there is no proposal for changing the structure of income tax slabs. The Budget 2018 has raised the tax liability of citizens, except for some categories of senior citizens. Though standard deduction of Rs40,000 has been announced for salaried individuals, the actual benefit is very less since it is in lieu of existing benefits. Besides, health and education cess has increased on your tax from 3% to 4% which increases your tax liability.
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