But not increasing tax excemption limit FM has clearly displayed his i give a damm attitude towards salaried class. Election results have still not opened eyes of Congress
RE:What about Section 80C limit ?
by kishore kishore on Feb 28, 2007 01:37 PM
When FM family falls on the street and live like a Salaried class then he will understand his budget.Then he will think whether to suck people or his wife.
RE:RE:What about Section 80C limit ?
by kishore kishore on Feb 28, 2007 01:53 PM
He is talking about budget reforms and loosing money from Governments pocket.Mr FM also think about 1.Eliminating security, cars, A/C privileges, Party's, Bouquets, Traveling allowances, Accommodations in all the cities, maintainable costs, party meetings for 545 MPs and 200 Rajya Sabha Members 24hrs a day 7 days a week 365days a year. I promise u can save 30% of the Budget.
Total MPs = 545 Total Rajya Sabha Members = 200 Total = 745
Total Expenses for them p.a 1.A/C Car Expenses - 5,00,000 2.A/C Train Expenses - 5,00,000 3.Business Class Flight Expenses 10,00,000 4.A/C 5*/7* Hotels, 4 Rooms for them, 2 Rooms for Service Girls, 1 Enjoyment Room, 2 Rooms for Security, 1 Hall for Guests who have no work. ... - 50,00,000 5.One House for each member in the Metropolis like Delhi. - 10,00,000 6.Luxury Food, Clothes, Toiletries, Call Girls, Servants, Chefs, Beauticians, Doctors round the clock - 50,00,000 7.Z category security guards - 15,00,000 8.Phone Bills, Electricity Bills, Electric Equipments, .... - 25,00,000
Taking into consideration all the above, 745 * 1,70,00,000 = 1,266,50,00,000 comes to 1226 Crores.
RE:RE:Budget 2007
by KRISHNA PRASAD on Feb 28, 2007 01:42 PM
Will you pl. shut up. People want cut in taxes and hike. Not hiking cannot be taken as credit for FM
RE:Budget 2007
by Arunachalam.RM. on Feb 28, 2007 01:45 PM
For an average Indian Rs. 10,000 increase in limit is really a welcome move. For highly paid IT executives and mid managerial personnel this will not make any difference. We do not have problem in paying more than 35% taxes when working in US but suddenly the same rate seems sucking
RE:RE:Budget 2007
by Arun Mandava on Feb 28, 2007 02:07 PM
paying 35% tax in US has some meaning. We will all benifits (medical, education, and infrastucture etc for free) from govt. We will get full value for the tax we paid there. But in india benifits are zero. keep that in mind before questioning.
FM Chidam is a well educated person whose education is of no use when he cannot look into problems of 130 Crore Indians.
Laloo, a Bihar uneducated Hero is far more better than all those who are sitting in the Government.There are no issue with his dealing of Railway Budget and reforms.All are very happy with his decisions.
Great Live Laooji, Great Live long life.All the 130 Crore Indians Blessings with you.
the only way to teach MR.FM a lesson is to vote idiots and sychopants like him out of power. These guys always seem to have fun in breaking the back of a salaried employee
According to me, this budget has failed to address the issue of streamlining the tax rates. Everyone was full of hope that tax rates would be standardised across the board for individuals & corporates but it seems that our FM lacks the long-term view on tax rates.
FM has offered peanuts to the salaried class by increasing a meagre 10K towards the tax exemption. It seems that FM has played a prank on middle class community. He did not even bothered reduced the Service Tax rate which is very high at 12.24%.
This is very amazing. What we want is to remove PC Immediately or dont support congress Gov. in any near future. We are against this budget. There is no hope for any relief. Throw away PC itself.
What a silly attitude once again shown by the present FM towards the salaried class? Who will now vote for congress. Results are obvious from Punjab and Uttarakhand
Why not introduce a smart Citizen card that serves all/most purpose for all Indian Nationals. All ID cards, Ration Cards, Voter Cards, Travel Cards, PAN Card, Acount/bank cards etc can be merged to one and may be used to track as much transactions and history of individuals for administrative/taxation purposes. One will definitely have to dedicate a large computing power and memory banks for this in a network distributed all around the country. But then its better machines handle things than human. Corruption & Back money can be brought down drastically if not totally. Implement & Train people to do e-buisness, e-transactions, e-traffic,...Why not Think About It & Put Money to do it! May be one will make revenue by checking all "black" transactions rather than tax white money!
