|
|
|
| Surfers' comments |
|
|
The threshold limits on tax need to be increased and tax rates should be spread across more slabs so as not to hurt the salaried class.
- Jayaraman
The I-T exemption for men should be Rs 1.8 lakh. Rs 1.5 lakh is peanuts. - Naveen Kumar |
|
|
|
|
|
|
|
| Expert comments |
|
|
 Gaurav Taneja,
Partner & National Tax Director says the Finance Minister has stressed on buoyancy in tax collections and on attaining a Tax—GDP ratio of 12.5%. |
|
 Motilal Oswal, Chairman and Managing Director of Motilal Oswal Financial Services says the Finance Minister was uniquely positioned to present a landmark Budget. |
|
 Srinivasa Rao, Partner & India International Tax Leader, Ernst & Young is of the opinion that Union Budget has lived up to the populist trend. |
|
| |
|
|
|
|
| Calculators |
|
|
How this budget affects your
daily life: |
| • |
Risk Calculator |
| • |
Future Needs Calculator |
| • |
Tax Calculator |
| • |
SIP Calculator |
|
|
|
|
| Union Budget 2008-09 » Story |
|
| Top 10 expectations from this Budget |
|
|
|
|
Not surprisingly, rationalisation of different taxes scores high on people's wish lists. 1. Either a cut or higher exemption in personal income tax rates
Chances of acceptance - Very high
2. Removal of surcharge on corporate tax
Chances of acceptance - Moderate to high
3. Clarity on the roadmap for transition to goods and services tax
Chances of acceptance - very high
4. A slower reduction in customs duties to ASEAN levels
Chances of acceptance - Moderate
5. Further lowering of excise duties on some key products
Chances of acceptance - Moderate
6. Softening of the fringe benefit tax (FBT) regime
Chances of acceptance - High
7. Increase in service tax coverage
Chances of acceptance - Very high
8. Fillip to overseas investments through easier norms
Chances of acceptance - High
9. Imposition of a Tobin tax to moderate capital inflows
Chances of acceptance - very low
10. Positive incentives for clean technologies
Chances of acceptance - High
Courtesy: Business Today |
|
|
|
|
|
|
|
| Features |
|
|
A budget for Bharat
Buoyant tax revenues a lower fiscal deficit and an economy that's in top gear permit the FM to pump big money into agriculture and the social sector. Those efforts might help at the hustings, too. |
|
|
|
| Economic Survey |
|
|
'Expand telecom infrastructure, R&D'
"With rapid growth of telecom network, there is a need to further expand the infrastructure and research and development," the survey said. |
|
|
|
|
|
|
|
|
|
| Surfers' comments |
|
|
This is a very good budget, especially for agriculture and education. P Chidambaram is the best.
- By Saravanan P (plsharavanan@rediffmail.com) |
|
If you can waive Rs 50,000 crore for farmers what about the tax on housing loan interest? That should also have been reduced.
- Chandra Shekar V (rilshekar@yahoo.co.in) |
|
Please tax the street hawkers and give relief to the salaried persons.
- Rajaram (rajaramghurup@rediffmail.com) |
|
This is the worst budget the finance minister has ever presented. The backbone of the country's economy is the transport but he completely missed it out.
- Jayakaanthan A (jayakaanthan@gmail.com) |
|
The budget is sure to augment growth and will also lessen the volatility of the stock markets.
- Sidharth Paul (sidharth.paul@gmail.com) |
|
Overall, the budget is satisfactory but the health sector should have been given greater importance.
- Ankit Chaudhary (chaudharyankit1987@gmail.com) |
|
|
| Send your feedback |
|
|
|
|
|
|
|
|
|
|
|
|
"Total reduction of excise duties by 2% will give a welcome boost to the manufacturing sector. Also, the exemption of specified parts of set-top boxes from customs duties is commendable".
