Read the following paragraphand answerthe following questions.

Union Budget 2018 has been on expected lines. aimed at appeasing farmers and others in rural areas, as well as small industry. When it comes to most tare proposals, it has disappointed everybody except senior citizens and Micro. Small & Medium Enterprises (MSMEs). Inits last full budget before the next general elections. the BJP-led NDA governmenttargets its vote banks in rural areas and the agriculture sector, promising them a lot. In direct taxes, however, where it was expected bring in a lot of reforms and exemptions. it has done precious little.

If all classes of tax payers, the salaried employee has been left almost high and dry with the finance minister announcing there would be no change in the personal income-tax rates. There was a lot of expectation that the personal income tax exemption limit would be raised. That has not happened with GST becoming a reality, most citizens are being made to pay taxes on almost every purchase and in most cases, the taxes are
higher than before. That is why there were expectations that the finance ministers would put more money into the taxpayer’s hands by lowering personal taxes. None of these has happened.