The budget session gives a good opportunity to start re-blogging. The Finance Minister as expected (due to coming polls) delivered a populist budget. The salaried people have definitely benefited by the budget with:
- Increase in basic exemption limit
- Doubling the slab limits
- Increasing medical insurance limit by adding parent's insurance cover
- Tax Free monthly income from reverse mortgage
The budget allows more income in-hand for a salaried employee along with indirectly opening routes for higher expenditure.
If you are earning in Sikkim state, you benefited the most. FM has removed all tax-liability for individual earning in Sikkim state. This budget has given no heed to the IT-industry (especially export oriented IT companies) and the shining days seems to be over for them.
If you are earning in Sikkim state, you benefited the most. FM has removed all tax-liability for individual earning in Sikkim state. This budget has given no heed to the IT-industry (especially export oriented IT companies) and the shining days seems to be over for them.
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