It is something which every comman man of India look forward to in, Annual Budget .2007 was no exception though it did not came with what was expected.
Finance Minister P.Chidambaram focussed this budget for agriculture and not for industry or middle class. THough there has been allocations done for agriculture to grow the sector, there are no such good news for salaried class.
Tax slabs remains same, exemption limit increased by 10k but then education cess increased to 3% and service tax to 20%. Now even ESOP will be taxed under FBT( though I am not getting them ;) )
Taxman!! you really have tough time ahead, geting industry to support ;)
Finance Minister P.Chidambaram focussed this budget for agriculture and not for industry or middle class. THough there has been allocations done for agriculture to grow the sector, there are no such good news for salaried class.
Tax slabs remains same, exemption limit increased by 10k but then education cess increased to 3% and service tax to 20%. Now even ESOP will be taxed under FBT( though I am not getting them ;) )
Taxman!! you really have tough time ahead, geting industry to support ;)
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