I honestly do not think the budget really helped the salaried payer. Let us crunch the numbers as follows. assuming somebody makes the barest minimum to escape taxes at present that is 210,000 out of which 100,000 is saved as 80C which leaves 110,000 (exempt). In his own wisdom Mr PC knows that the pay commission is due out and minimumexpected raise is 20%which turns out to be 252,000 annual.Again doing the same math the person will have to pay tax on 2000 which is Rs 200 more than the present BUT somebody may argue that salaried people must pay. that is a question of semantics but overall with the pay commission report due in not a whole lot difference.Comments please!
