Changes in Income Tax Law come into effect from April 1, 2018

Changes in Income Tax Law come into effect from April 1, 2018

Changes in Income Tax Law come into effect from April 1, 2018. Finance Minister Arun Jaitley proposed various income tax changes in the Budget 2018.  These changes will come into effect from April 1, 2018. These tax changes will impact on many taxpayers in a number of ways. However, he has kept the basic income tax rates, exemption and the slabs unchanged. Some key changes in income tax are a standard deduction for salaried employees, increase in cess and introduction of [...]

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