A Solutions

Major Direct Taxation aspects of the Finance Bill, 2018

The Finance Bill has not altered the Slab rate per se but there is some benefit in the form of Standard deduction to the salaried class of people.

The Important amendment of granting a Standard deduction of Rs. 40,000 to salaried persons is in lieu of (it is in place of / instead of) exemption of Transport allowance and exemption of medical reimbursement earlier allowed to salaried employees.
The Education cess @ 2% and Higher Secondary Education Cess @ 1% is subsumed into a single cess called the Health and Education cess @ 4%. Thus, leading to an additional outflow of 1% cess on the amount of Tax and Surcharge.

GSTN expects that around 700,000-800,000 GST e-way bills will be issued every day across the country, CII wants their validity to be increased to 5 days from one day now