What happens to your taxes post Budget 2018?

Pick the case study nearest to your annual salary to determine the Budget impact.



SWACHH BHARAT PROJECT OFFICER

ANNUAL INCOME – ₹5 LAKH


His hopes of a big gain from the budget have gone down the toilet. Not that he will have much time to count his small savings — just Rs 224 a year — as the government’s plans to build two crore toilets in two years will surely keep him busy. Swachh is life!

ASTROPHYSICIST (RETD)ANNUAL INCOME – ₹15 LAKH


The

standard deduction

of Rs 40,000 has given her quite the silver lining (pun intended). And truly, this one came once in a blue (and red) moon.

STANDUP COMICANNUAL INCOME – ₹25 LAKHHer mutual fund dividends and shares will attract long- term capital gains tax, her manicure is costlier, and so is her favourite cranberry cooler! No surprise that she’s lost her sense of humour, at least in the short term.

CODER-PROGRAMMERANNUAL INCOME – ₹ 1 CRORE
With more education cess to pay, he took a big hit. His next video game console and smartphone just became costlier as did his fitness tracker. Even his bitcoins are losing their sheen.