Key Highlights of Budget 2017& its impact on Online Trading

Here are the Key Highlights from Arun Jaitley’s Union Budget 2017

Existing tax rate for individuals in Rs. 2.5-5 Lakh income bracket reduced to 5% from 10%.
10% surcharge on individual incomes between 50 lakhs and 1 crore. 15% surcharge on individual incomes above Rs.1 crore remain.
No service charge on railway tickets booked through IRCTC
No cash transactions above Rs. 3 Lacs
Referral and cash back schemes to promote BHIM mobile App

Aadhaar Pay to be launched for people who don’t have mobile app or smartphones
To use head post-office for passport services
Govt recruitment: To introduce two-tier exam system
Total budget expenditure: Rs21 trillion
Rs3,000 crore to implement various budget announcements
Fiscal deficit for FY18 pegged at 3.2% of GDP
Revenue deficit for FY18 at 1.9%
Political funding: Maximum amount of cash donation that can be received is Rs2,000; political parties can receive donations by cheques or digitally; amendment proposed to RBI Act to issue electoral bonds; every party has to file returns within specified time
LNG: Reduce customs duty to 2.5%