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Subject: Are you happy with the Budget?
himaggie
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Registered 2007-3-14
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Post at 2007-3-18 17:57
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Are you happy with the Budget?
Finance Minister Palania an Chidambaram has now presented five Budgets -- two under the United Front government and three under the United Progre ive Alliance. On Wednesday, finance Minister P Chidambaram presented the
Union Budget 2007-08
in Parliament.Chidambaram kept the income tax limit largely unchanged by increasing the personal income tax exemption limit by only Rs 10,000, giving every a e ee a relief of Rs 1,000. This will lead to women a e ees' threshold limit going up to to Rs 1,45,000, while?for senior citize it will go up to Rs 195,000.Deduction in re ect of medical i urance under Section 80 (D) increased to Rs 15,000 and Rs 20,000 for senior citize . The Dividend distribution tax has been raised from 12.5 to 15 per cent and ESO will be brought under FBT. What do you like or dislike about the Budget? Was this Budget like the 'dream budget' he presented in 1997? Are you ha y with the Budget? On a scale of 1 to 10, how would you rate this Budget?
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