Might not be taken as good by some Lower Middle Class people, especially salaried and pensioners and senior citizens. The Rise in the limit to 3,00,000 and 3,50,000 for Sr. Citizen was the expectations. Since the 3 Budgets the limit is not raised meaning the repetition of trouble for Lower Middle Class.
Whichever government is at the center, it does not matter. Nobody thinks about taxpayers. They are always left to suffer. Giving peanuts does not help taxpayers. Over the years the cost of living has gone so high but government keeps killing taxpayers. Businesses keep manipulating and avoid paying taxes. They are not caught and punished. Just the honest salaried taxpayers are butchered year on year.
Overall budget is satisfactory but would be even better if income tax bar would be raise to 40% & 55% on 1 CR to make these so called celebrities and higher income owner down to earth.
What about tax slabs for earning between Rs 10-20 lacs p.a?? Nothing has been clearly mentioned. In all the the Budget is total failure for the common man and the rich will enjoy
The tax slab is still not clear. Only income between 2.5 -5 lacs has been mentioned What about the slab for income between 10-20 lacs. should they be burdened with the tax for honestly paying
BJP govt. whenever in power had taxed the salaried only and favoured companies. I still remember the budget presented by Sri. MMS when Sri. Vajpayee was in opposition. Immediately after the speach on direct taxes Sri. vajpayee showed his dissatisfaction on tax rebates given by Sri. MMS. But when he beacame PM his govt did not give anything and taxed the common man saying already enough had been given. The BJAP should understand that salaried clas also can change the Govt. I doubt the second term for BJP.
It seems that Mr modi has promised himself to totally destroy the salaried masses. Earn to pay taxes.a very disappointing budget for me and wondering where is "achhe din"
In West Bengal, State Budget is prepared and presented by an eminent Economist , comments on Demonetization is made by Economists only unlike what is happening elsewhere.