If tax exemption given give what is use of salaried pepole below 10000/ The actual socialism is more money should taken from rich and distributed to lower people.
I think India will go to 1980 economis situation as our govt is doing.
Re: Congress for rich people only
by raj on Feb 26, 2010 06:39 PM
This is not socialism, this is Bonus. Even any company or Share IPO goes in profit gives bonuses or dividends to there employers or share holders.
Re: the gap between rich n poor
by Amit Arora on Feb 26, 2010 06:34 PM
I think you can't read English. The FM said tax on income up to Rs 1.6 lakh would be nil, above Rs 1.6 lakh to Rs 5 lakh would be 10%, above Rs 5 lakh to Rs 8 lakh would be 20% and above Rs 8 lakh to be 30%
Re: Re: the gap between rich n poor
by sanjay kumar on Feb 26, 2010 06:39 PM
but the benefited class is who all are earning more than 5 lacs, there is no relief who all are earning 3 lacs pa they will pay the same tax as earlier.
I am telling this form last one week no one is listening this is worst Budget in Indian History. Apposition. My habit is to Appose everything either good or bad who cares.
Rs 1,000 as a starting incentive to all accounts of NPS opening in the next three years -- why would someone run behind 1000 rs. when the income from NPS is taxable, by which every year you end up paying more than 1000 rs.
Rs 1,000 as a starting incentive to all accounts of NPS opening in the next three years -- why would someone run behind 1000 rs. when the income from NPS is taxable, by which every year you end up paying more than 1000 rs.
Good budget tax savings are huge. Now the government should also curtail uneccessary spending so that inflation is checked and concentrating only on really the downtrodden and marginalized sections of the society like tribals. Improve infrastructure without disturbing the environment too much.
