Mr. Chidhambaram is fooling the public by playing election politics .
He has not done anything to the people whose salary is above 5 lakhs.
Thanks to the recent growth in econony and boom in the overall business, which has created lot of job opportunities in india.The result is, salaries of the many people have touched the sky.The no of people getting salary above 5 lakhs has grown up very sharply. For Ex- I was getting Rs-2.5 lakhs per year in 2006-2007, whereas my salary stands RS-12 Lakhs this year.This is true with maximum people. There are many people whose salary crosses beyond 50 lakhs also. so, Mr Chindambaram has failed to understand this trend and has not further categorised the slab for people getting salaries beyong 5 lakks.
Nor he has increase the savings slab beyound Rs 1 lakh to beneift such people.
This discrimination is not acceptable .
so i reject this budget in all respects. it is nothing but a eye wash.
RE:budget for 2007-2008
by sara on Mar 01, 2008 11:40 AM Permalink
i agree with you...i too fall in the same boat as you...drawing 1200000 p.a.but all of which would get leeched away in taxes...the benefit for us is only marginal...instead of bringing the entire black market economy and medium level businessmen who have never paid tax and r not bothered the axe is only falling harder on us....anyways the population of india is so high with so many non productive rural populace...their suicides wouldnt have hurt that much anyways....that the 60000cr waiver had to be issued
RE:budget for 2007-2008
by murali iyer on Mar 01, 2008 11:16 AM Permalink
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
RE:budget for 2007-2008
by mrjoko on Mar 01, 2008 11:52 AM Permalink
Dear FM,
Please exempt all taxes for this greedy fellow.
He earns 1 lakh per month but he is not ready to pay few thousands as tax.
He fails to understand that true benefit of booming India is being enjoyed by people like him only.
For example, good Roads and Flyovers in cities are benefiting people who own cars. So people who own cars get more value for each Rupee they pay for tax.
RE:budget for 2007-2008
by sony kalloor on Mar 01, 2008 11:25 AM Permalink
May be you should ask your company to reduce your salary rather than cribbing arround
RE:budget for 2007-2008
by mohammad amin on Mar 01, 2008 12:08 PM Permalink
You are such a selfish person, itna kamane ke bad bhi tax se bachna chahte ho, are unko dekho jo do waqt ki roti bhi nahi juta pate, unke liye Govt tum jaise logon se lekar hi to kuchh kar payegi??????
RE:budget for 2007-2008
by vineet kk on Mar 01, 2008 10:59 AM Permalink
what a greedy fellow! for your information, any person whose salary is above 5 lakhs will also get the same benefit..ie, 44000 rs deduction..
RE:budget for 2007-2008
by Sarala Rani on Mar 01, 2008 11:27 AM Permalink
Mr Santhosh You have totally confused in understanding the budget proposal of Mr Chidambaram. You mean to say if he introduces some more slabs after 5 lakhs the impact will be more. Naturally the tax rate will be more for persons drawing more than 5 lakhs and in such case you have to shell down more tax than now. So think positively. As regards your suggestion for increase in Sec. 80(c) limit it is welcome and it will encourage the savings and will be benefited both by individual and Government. Individual in getting the tax rebate and Government in getting the amount with smaller rate of interest
RE:budget for 2007-2008
by vineet kk on Mar 01, 2008 11:24 AM Permalink
it is a pity that people like santosh who gets good salary are not even thinking of fellow indians and cribbing for more benefits.. he wants people with 50 lakhs to have more exemption..!! he considers that as a discrimination!!!!
RE:budget for 2007-2008
by Debajyoti Majumdar on Mar 01, 2008 11:37 AM Permalink
Mr. Naikar, Congrats for the mammoth success, nevertheless, you should also understand that Government needs money to run the state. No matter how much the govt. tries, people like you will never be satisfied. Do you want zero tax for all the citizens. At least, you should be happy that this year you'll grow richer by 44000 INR. Pray that you earn more, so that you'll find lesser problems in spending in tax.
RE:RE:budget for 2007-2008
by prarthan shah on Mar 01, 2008 11:12 AM Permalink
First of All, Congratulations for the phenomenal increase in your salaray. Please forward the details of your company, I would like to apply for a job there.
And you need not worry much, you also get the benefit of the savings that every one else is getting. Spend that much more and help the economy grow.
That is what the FM is hinting by reducing the tax and not increasing the savings limit.
RE:budget for 2007-2008
by m w on Mar 01, 2008 11:01 AM Permalink
board results, budget etc. are not for u alone silly...they are meant for all...even you gain 45000 don't u...don't just complain sucker...
RE:budget for 2007-2008
by vineet kk on Mar 01, 2008 11:34 AM Permalink
this fool is thinking that majority of people are paid 10-50 lakhs per year salary in india..and he is such a stupid that he cant even do simple maths to understand the tax calculation for people above 5 lakh limit..
