Finance Minister Arun Jaitley while presenting the Narendra Modi-led NDA government's fifth budget on Thursday said that there will be no change in Personal Income Tax slabs.
Jaitley's decision has taken the social media by storm and some have even termed it as the worst budget:
Farm producing companies with Rs.100 Crore plus turnover getting 100% tax deduction for the first 5 years.— Arnold Roy (@ArnoldRoy007) February 1, 2018
Corporate Tax rates reduced by 25% for Companies with turnover of upto Rs250 crore
No change in IT Tax Slabs?? Nothing for Salaried Middle class. Worst#Budget2018
Worst budget for salaried person...— vinod Solanki (@vinod28077694) February 1, 2018
Nobody thinks of the middle class. No change in income tax slabs and 80 c by BJP. Disgusting. Congress also does not bother about middle class. Where do we go? Aam aadmi party?— SANJIV SAIGAL (@ssaigal13) February 1, 2018
mr. Modi enjoying vvip luxurious life in palace, make up, fashion, foreign tour by Public hard earned money So no changes in income tax slabs...— Nayaab Khan (@KindKhan4U) February 1, 2018
LATEST! Jaitley leaves personal income tax slabs unchanged— shreedhar (@shreedhara_ca) February 1, 2018
-- Finally what we waited for, a useless budget for Working class. I dont care whatever BS you announce in budget.
A section of the Twitterai is also condemning the FM's decision to reduce Corporate tax to 25 per cent for companies with turnover up to Rs 250 crore, in a move to boost Micro, Small and Medium Enterprises sector: