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Tax sweetener for all, sweeter if you’re richer

New Delhi: The hike in income tax exemption limit by up to Rs 15,000 will definitely make the middle-class happy, but the high-income category — those earning over Rs 10 lakh a year — is in for a bonanza. For an individual earning Rs 20 lakh a year, the abolition of 10 per cent surcharge will lower the t  ....Read more

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Congress for RichBy: Karkotagan | Tuesday , 7 Jul '09 12:39:10 PM Reply | Forward At the time of Recession Congress is trying to play a dangerous game by giving away all the tax income to the government, that too for the riches. Now that Riches will become rich and poorer will be poor ever. There is no affirm action plan for the poor except the NREGA, which is most corrupt in many parts it is implemented. from the definite sources the councillors and panchayat unions itself take 20 to 40 rupees per person depending on the area and opposition from people and the money is spent not the way it has to be. They are giving money to contract workers whoi are already working for raod laying and other government jobs and getting thumb impression or signature from them. I think instead of spending in NREGA government can ensure social security for All Senior Citizens above age 55 or 60 years and give them this money of Rs. 3000/- on Monthly basis. And make the younger generation explore the world instead making them fools and lazy.
Discriminate budgetBy: biplab | Tuesday , 7 Jul '09 9:39:04 AM Reply | Forward Congress has been playing vote budget from beginning. If they spend on poor then only money come to their pocket .They are very much sure that, vote will come from poor not middle class. If they spend 50 rupees on poor then will be in power for next 5 years.Nothing they have done for low/middle class families.
middle class v/s union big 'B' 2009-10By: vasu dev daswani | Tuesday , 7 Jul '09 6:56:06 AM Reply | Forward Big Budget 2009-10 is presented by our full majority elected single party government so there is no need to care middle class families because they do not own any strong leader who raise his voice. Only source is to write by this column only. I humbly request pranab da to increase salary exemption limit to minimum 2 lacs as promised by congress party.
senior citizensBy: Colin | Monday , 6 Jul '09 23:00:59 PM Reply | Forward having worked and paid taxes all their lives senior citizens should be totally exempted from the tax bracket irrespective of the income they earn
Good for Rich and Bad for Middle Class TaxationBy: Krishna Datta | Monday , 6 Jul '09 20:08:04 PM Reply | Forward The union budget focused only on Rich and not at middle class. The reduction of taxes on Plasma TV and Branded Jewelery. Pranab must have checked with his wife on what are on her priority list and reduced the same. The tax reief a employee would maximum get is Rs 3000/- where any employee in corporate sector gives away 2 months take home as taxation. Also the Medical allowence of 15000/- per year should be re-looked per number of family members or at least revised to 30000/- year against production of Medical Bills. Pranab wake up and act.
Effective dateBy: B.MAHESH KUMAR | Monday , 6 Jul '09 18:50:26 PM Reply | Forward Budget Changes effective date not clear
Highly Disappointing Budget: 2009-10By: Partha Kumar Palit | Monday , 6 Jul '09 18:48:52 PM Reply | Forward Budget 2009-10 is very much disappointing for Salaried class, the exemption limit for salaried employees is not raised as per expectations (3 lac). The savings limit of Rs. 1 lakh has also not been considered for increase. Finance Minister should increase atleast Rs. 50,000/- for exemption and Rs. 1.50 lakhs for saving limit.
Income and TaxBy: Mahesh Chauhan | Monday , 6 Jul '09 18:26:57 PM Reply | Forward We have always been complex on taxes, be it income tax or any other. The people of India have to be ready for increase in prices 15 days before the budget and then to be happy with some relief that follows the budget. There is nothing unusual. Complexities of categories and tax slabs and exemptions are nothing but bureaucracy. Well, it's a budget by one of our elected/chosen one!
Disappointing for salaried classBy: Avinash kakade | Monday , 6 Jul '09 18:22:09 PM Reply | Forward Budget 2009-10 is very disappointing for Salaried class,the exemption limit for salaried employees is not raised as per expectations (3lac).The savings limit of Rs.1 lakhs has also not been considered for increase.Finance Minister should increase atleast Rs.50,000/- for exemption and Rs.1.50 lakhs for saving limit.
Tax exemption level for salaried people By: k.venkataramana | Monday , 6 Jul '09 18:13:14 PM Reply | Forward Being increased the cost of living the examption of level of salaried employees will consider upto 1.80 lakhs
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