Budget in 2 minutes: Rural push, LTCG tax, sops to seniors, and more

From relief to senior citizens to changes in Customs Act, BS brings you top stories to keep up with Budget 2018-19

Senior citizens' interest income up to Rs 50k tax-exempt
 
Senior citizens will get substantial relief -- exemption of interest income on deposits with banks and post offices will be increased from Rs 10,000 to Rs 50,000 and TDS need not be deducted on such income under section 194A; the limit of deduction for health insurance premium or medical expenditure will go up from Rs 30,000 to Rs 50,000 under section 80D; and the limit of deduction for medical expenditure for certain critical illnesses will go up from Rs 60,000 in the case of senior citizens and Rs 80,000 in