Boring budget! Poor, Rural folks get a good deal. Corporates are not happy! But 10% surcharge on personal IT removed! No word on Soc Sec sch
#Budget just noticed Cheap Yarn for textiles to cost less. Need not import from elsewhere! But branded guys, will hike again saying budget!
If FBT goes, the special allowances come back in. There might be some kinda tax exemptions found out. I am for a flat tax and no exemptions.
Planning commission says, it costs govt. subsidies (fertilizer, loans) @ Rs 10/- to get 1 kg Rice/Wheat produced! Nw giv at Rs 3/kg? Sense?
One gentleman from Delhi School of Economics said on a biz channel, give each family @ Rs 25,000/- PA and get rid of subsidies. Makes sense!
No way, FBT reduction would make middle class happy! Only rich middleclass (IT job) can get real relief! 30% benefits, but FBT comp 8%! :-(
"More IT based employment exchange in each Dist HQ". Long time wait. I hope Rs. doesnt make people jump Q. #Ration = Socialistic. Banks suck
Prannoy ROy, is blabbering. He is bringing Bharat (Hindi speaker) into India. TV time sells. All for commercial breaks? Commies are silent!
Now the spitting spew Rajdeep Sardesai will start haunting all politicians asking about budget! Expect no #Diesel prices hike but #Petrol :
Overall defence related sector would be happy. Atleast they can get decent pay for protecting India with no pay anomalies. 34% hike Allocatn
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Regards
Vijayashankar
Showing posts with label Budget. Show all posts
Showing posts with label Budget. Show all posts
Monday, July 06, 2009
Friday, July 18, 2008
BSY budget 2008-09 for Karnataka
BSY budget 2008-09 for Karnataka has done a all sections please budget.
No reduction in ATF & Petrol costs, due to the July 22 vote. We can expect cuts after that.
Marriage & Conference Halls, where money is thrown around, gets costlier by 10%. Good choice.
Farmers get Rs 1000/- per acre for seeds & Free 10 HP power and 3% farm loan (marginal farmers).
No reduction in ATF & Petrol costs, due to the July 22 vote. We can expect cuts after that.
Marriage & Conference Halls, where money is thrown around, gets costlier by 10%. Good choice.
Farmers get Rs 1000/- per acre for seeds & Free 10 HP power and 3% farm loan (marginal farmers).
Monday, February 26, 2007
What to expect in our National Budget 2007?
What to expect in our National Budget 2007?
To make thing simple, remove the surcharge.... for the super charged economy..
Hike the PF contribution to 15%, while allocating 5% to social security.
This social security should pay 18 months salary, till the person finds another job, for equal or greater pay. Later at reduced proportions, to ensure people are getting trained for a new job, limiting to 50%.
Medicare should be governed by government fund, for the poor.
Increase the pension and mediclaim exemptions.... to 50 K from the current 15 K.
Increase the transport exemption allowance from Rs 800 a month to atleast Rs 1500 a month.
Altenate minimum tax including the software companies to 15% revising to 17% in next year!
I propose 4 different tax structures (for individuals and corporates).
(1) Upto 1.5 lakhs nil ( For Senior Citizens and Women at 2 Lakhs )
(2) 1.5 Lakhs to 2.5 Lakhs @ 20%
(3) 2.5 Lakhs to 4 Lakhs @ 25% and
(4) Above 4 Lakhs @ 30%
Remove FBT and add it to max tax rate at 2% extra.
Family based exemption for people, to tune up the standard deduction. This should be inflation based. (Casino effect)
May be the 2% cess can be removed too, right now giving about 5000 crores, which can be mopped up easily.
Found on the net.... (author unknown)
VDIS. Make a law that IT officers are non abusive with their power, by restricting to the onus of honesty exhibited by tax payers, ensuring only last 5 previous years of income shall be accounted and the rest taxed at 40% minus any tax paid. As an example, if a persons current net cash asset is worth Rs 1 crore and the current FY income is 20 lakhs, for the rest of 80 lakhs, make him pay 40% at 32 lakhs minus any TDS. For salaried, a leniency for the act of non filing can be given, with a small penalty, but with existing tax rates for those FYs. I can dream that our entire trillions deficit will be wiped out.
To make thing simple, remove the surcharge.... for the super charged economy..
Hike the PF contribution to 15%, while allocating 5% to social security.
This social security should pay 18 months salary, till the person finds another job, for equal or greater pay. Later at reduced proportions, to ensure people are getting trained for a new job, limiting to 50%.
Medicare should be governed by government fund, for the poor.
Increase the pension and mediclaim exemptions.... to 50 K from the current 15 K.
Increase the transport exemption allowance from Rs 800 a month to atleast Rs 1500 a month.
Altenate minimum tax including the software companies to 15% revising to 17% in next year!
I propose 4 different tax structures (for individuals and corporates).
(1) Upto 1.5 lakhs nil ( For Senior Citizens and Women at 2 Lakhs )
(2) 1.5 Lakhs to 2.5 Lakhs @ 20%
(3) 2.5 Lakhs to 4 Lakhs @ 25% and
(4) Above 4 Lakhs @ 30%
Remove FBT and add it to max tax rate at 2% extra.
Family based exemption for people, to tune up the standard deduction. This should be inflation based. (Casino effect)
May be the 2% cess can be removed too, right now giving about 5000 crores, which can be mopped up easily.
Found on the net.... (author unknown)
VDIS. Make a law that IT officers are non abusive with their power, by restricting to the onus of honesty exhibited by tax payers, ensuring only last 5 previous years of income shall be accounted and the rest taxed at 40% minus any tax paid. As an example, if a persons current net cash asset is worth Rs 1 crore and the current FY income is 20 lakhs, for the rest of 80 lakhs, make him pay 40% at 32 lakhs minus any TDS. For salaried, a leniency for the act of non filing can be given, with a small penalty, but with existing tax rates for those FYs. I can dream that our entire trillions deficit will be wiped out.
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