Positive, negative and neutral: Three major changes in Budget 2018

The market players were expecting that if long-term gains are taxed, the STT would go. But this has not happened

Finance Minister Arun Jaitley has left savers and investors largely alone. There are three major areas of change in this year’s Budget for them; the first one is positive but only for senior citizens, one neutral and the third one will seem negative after a few months. 
 

A. Senior citizens: There is a bunch of benefits for senior citizens including: 

• A sharp hike in tax exemption limit for interest income from banks and post offices from Rs 10,000 to Rs 50,000 
• Hike in deduction limit for health insurance premium and/or medical expenditure from Rs 30,000 to Rs 50,000 under section 80D.
• Increase in