Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Union Budget 2017: What It Means For You

Additional surcharge of 10% on individuals earning between Rs 50 lakh to Rs 1 crore

Tushar Dhara | News18.com

Updated:February 1, 2017, 5:44 PM IST
Arun Jaitley
File photo of Finance Ministry Arun Jaitley.(Image: PTI)

New Delhi: Finance Minister Arun Jaitley said on Wednesday the Union Budget for 2017-18 will push growth, promote digital economy and bring transparency in political funding.

Here is a list of things you should watch for in Wednesday's budget.


· India to spend more in rural areas, on infrastructure and for poverty alleviation

· To allocate Rs 400 crore for skills training for youth

· Rs 1.84 lakh crore allocated for women and children welfare

· To double lending target under Micro Units Development and Refinance Agency (MUDRA) to Rs 2.44 lakh crore


· Excise duty hike on cigarettes to make the stick dearer. Another reason to quit

· National housing bank to provide Rs 20,000 crore for home loans

· Low cost housing to be given infrastructure status (Will help the companies actually, especially steel and cements. No surprise, the sectoral stocks shot up today).

· Long-term capital gains tax on immovable property to be levied after 2 years instead of 3 years


* No income tax if you are earning less than Rs 3 lakh per year

· Tax slab for individuals earning between Rs 2.5-5 lakh reduced to 5% from 10%

· Additional surcharge of 10% on individuals earning between Rs 50 lakh to Rs 1 crore

· Income tax rate for medium and small enterprises with annual turnover up to Rs 50 crore reduced to 25%


· Parties will need to file income tax returns

· RBI Act to be amended to enable electoral bonds for political funding

· Individual cash donation to political parties reduced to Rs 2,000 from Rs 20,000

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Nakshab Khan
Read full article
Next Story
Next Story

Also Watch

Most Active
Company Price Change %Gain
Yes Bank 47.40 15.47
Indiabulls Hsg 197.95 14.39
Reliance 1,396.50 1.76
SBI 265.45 3.67
Zee Entertain 264.45 1.85
Company Price Change %Gain
Yes Bank 47.40 15.19
Indiabulls Hsg 197.15 14.03
RBL Bank 289.85 12.32
Tata Motors 138.15 9.82
HUL 2,107.80 1.74
Top Gainers
Company Price Change %Gain
Yes Bank 47.40 15.47
Tata Motors 139.50 10.85
Eicher Motors 20,491.85 6.61
IndusInd Bank 1,340.10 5.15
SBI 265.45 3.67
Company Price Change %Gain
Yes Bank 47.40 15.19
Tata Motors 138.15 9.82
IndusInd Bank 1,339.80 5.13
SBI 265.45 3.73
Bajaj Auto 3,110.30 2.96
Top Losers
Company Price Change %Gain
Vedanta 148.30 -1.07
Grasim 724.55 -0.86
TCS 2,030.95 -0.75
HCL Tech 1,093.05 -0.71
UltraTechCement 4,260.45 -0.58
Company Price Change %Gain
HCL Tech 1,089.45 -1.04
Vedanta 148.15 -1.04
Power Grid Corp 197.70 -0.50
Kotak Mahindra 1,601.00 -0.31
Infosys 769.10 -0.30

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results