New Delhi, Feb 1: Finance Minister Arun Jaitley will present the Union Budget 2018-19 in Lok Sabha at 11 am today. The Budget 2018 will be Arun Jaitley’s first full budget after the rollout of Goods and Services Tax (GST) and the last full-fledged budget before the 2019 Lok Sabha elections. Lok Sabha TV, Rajya Sabha TV, Zee News, DD News and other channels of Doordarshan will host live streaming of the Union Budget 2018-19. Click here to watch the online telecast of Arun Jaitley’s budget speech. Catch live updates on new income tax slab, tax rates and exemption limits here. Also Read - Fifth Session of Seventeenth Lok Sabha To Commence On January 29, Likely to Conclude on April 8
In Budget 2018, Arun Jaitley may reportedly tweak income tax slabs and rates to provide more relief to middle-class people. Speculation has been rife that the Finance Minister may increase the income tax exemption limit to Rs 3 lakh from Rs 2.5 lakh. The government may also reportedly bring a new tax slab for people with income between Rs 5 and 7.50 lakh annually. According to industry experts, the Budget 2018 will focus more on the rural distress. employment, irrigation projects, and improvement of health infrastructure in rural India. Catch live updates on Union Budget 2018 here. Also Read - Rahul Gandhi Writes To Lok Sabha Speaker, Says Denied Permission To Speak During Parl Committee Meet
Budget 2018 Live Streaming
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Union Budget 2017 saw the merger of the Railway Budget with the General Budget. In view of several train accident in last year, the Budget 2018 will lay emphasis on railways infrastructure development and safety measures. Following the implementation of the Goods and Services Tax (GST) in July last, the Budget may not have any tax proposals concerning excise and service tax levies. Only proposals for changes in direct taxes, both personal income tax and corporate tax, and customs duty are likely to be presented in the Budget.