The Union Budget 2017-18 will be presented by Finance Minister Arun Jaitley tomorrow in Parliament. For the first time, the budget will be presented on February 1 instead of 28 or 29 February. This time with the budget, Railway Budget is also included.
Well, today we are here to tell you few things about related to the Budget 2017.
1. This time in Budget there can be the announcement of 1 to 2 percent increase in Tax on more than 50 hundred cash transaction.
2. It is expected there can be an announcement on freeing the tax on 8 lakh earning.
3. In 93 years, for the first time with the union budget, rail budget is also merged.
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4.The tax on Goods and services can be increased by 16 to 18 percent which is 15 percent now.
5. Defense budget can also get increased by 10 percent.