What taxable entities should expect from Budget 2018

Tax relief is expected both by personal income tax and corporate tax payers in the Budget 2018. One of the most anticipated developments from the Budget 2018 is revision of the tax slabs. There have been proposals made to the FM for revision on both tax slabs for personal income tax payers and reduction of tax rates for corporate tax payers. In all the surveys conducted by various media houses and financial bodies, it is widely believed that the raise in basic exemption limit on personal income tax is a done deal. Other than that, there are also various other