The 30% tax slab in increased to 5lakh. How will be tax calculated for a person earning more than 5lakhs. Flat 30% of his income or 50,000 30% of his income in excess of 5lakhs? Can someone clarify this....
Loan waiver for farmers is good thing. Is this benefit will really go to the small farmers, because the big farmers are so much intelligent and they know how to pick up benefit from the various schmes. I think laon waiver is good for only to big farmers, because they just distribute their land (to show that they are small farmers) in the family to take the advantages.
RE:Boost for Farmers
by Deepesh Shah on Mar 01, 2008 12:15 PM Permalink
it is good for small farmers, but if any farmer pay his loan regularly & honestly then it is loss for them coz they already pay honestly in future they will not pay honestly if this typy of KHERATS will come in election year....
RE:RE:Boost for Farmers
by charanjeet sethi on Mar 01, 2008 12:37 PM Permalink
Well, waiver of loans for this class of citizens is not "kherat". These people toil through out the year to make both ends meet and do not earn like salaried class who get enhanced DA with increased inflation. And they can not increase the price of their produce which is controlled by the commission agents and the Goverment but they keep on feeding millions but starve themselves. Loan waiver is very much deserved and justified.FM has done an appreciable job though under some compulsions. Despite the fact that there have been loan waivers still majority adheres to repayment discipline.
as i expected there is nothing a single word about Joining of National Rivers.Both the UPA Govt,NDA govt cheating the people for the past 9 yrs.Remember that both the government becomes ruling party because of Tamilnadu.Both the time the same ruling party in power @ Tamilnadu.Once again People of tamilnadu cheated by Central Govt.Ok no problem because people should have got the punishment.
RE:Joining of River
by Deepesh Shah on Mar 01, 2008 12:18 PM Permalink
I think it was on agenda for NDA govt but unfortunatly the are not comming in power, & in UPA gove you can not expect from them coz the are belive in sort cuts only not in long vision....
RE:Joining of River
by kieran dsouza on Mar 09, 2008 03:10 AM Permalink
This is the most silly idea some crack has come up with. U cant fool with nature. Can u plant forests in desert??? Rivers follow a course dictated by nature not man. Better to use tax payers money in rainwater harvesting schemes drip irrigation etc.
This 60,000,00,00,000 (60k crore) loan waiver is really making me uncomfortable. Where is this money coming from? Is this going to lead to a budget deficit next year? If the UPA gets the 4 crore votes that it is expecting bcos of this largese and returns to power again, I wonder whether next year the bodget will have increase in personal taxes, increase in educational cess, surcharge on tax above certain limit etc etc. What looks good today, may turn out to be a monster tomorrow
RE:Please all budget today, deficit tomorrow
by TS on Mar 01, 2008 11:43 AM Permalink
Yes dear- the FM is going to sqeeze you dry if UPA comes back to power.
What a budget. Aam aadmi ko garib banao. Where will the money come from for Waiving of Loans of Farmers. Does Chidambaram know that 70% farmers dont come to the banks for loans. They take from Local Moneylenders. This is only to get votes, cheap publicity, and make the polititians and beauracrats rich. Shame on Chidambaram. Vote ki bheek maang leta, aisa karne se to.Now these goons will point theier guns on heads of aam aadmi and recover taxes from noses. Plus Dacoits are already sitting in Income tax offices to serve them. HOw patetic is our political system and working
THIS BUDGET SEEMS TO WOO THE SUFFERINGS OF THE POOR FARMER AND MIDDLE CLASS PEOPLE. I READ MESSAGE FROM MR. SANTHOSH, WHO IS DRAWING 12 LAKHS SALARY. HE IS SELFISH. WE SHOULD SEE PEOPLE STILL DRAWING SALARY BELOW 12000pER ANNUM.THE BUGGET IS ONLY FOR THE BENEFIT OF THE POOR AND POOREST. IF JUSTICE TO BE DONE- THE RATE OF TAX SHOULD BE INCREASED TO 70% PROGRESSIVELY. TO LEVEL THE DIAPRITY AND DISTRIBUTION OF INCOME. ABOVE 10 LAKHS- 25 LAKHS-40% 25-50 LAKHS -50% 50-100 LAKHS - 60% ABOVE 100 LAKHS -70%. THAT IS RIGHT AND JUST NARAYASWAMY SRINIVASAN MURALI IYER
