It is great to see more funds for welfare and infrastructure in the Budget for 2009-2010. I-T exemption limit has been increased by Rs. 10,000.
Considering that only close to 1% of Indian population pays taxes, the benefits for the salaried class who pays tax looks to be considerably less than what was anticipated. Interesting part is that this 1% population usually don't have much impact on the election results.
Does it not sound like 1% is funding the entire machinery?
4 comments:
now we can spend one more grand per year in daru(the IT saving. At least something is better than nothing.[:P]
... and there by give more tax to the Govt. through commodities!!
According to me Fringe Benefit Tax has been abolished so it will help all companies and the luxury bus operators who transported passengers either interstate or intra state will now be tax free.
Thanks for the information you have provided. Today, the demand for real estate properties has increased in Hyderabad and it is the best place for the investors to invest in real estate.
Real Estate Property
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