The Budget ‘09 is presented today in parliament by Pranab Mukherjee and by now all the television channels are having field day analyzing , reanalyzing , debating and debating again on what was debated , talked in length , breadth and all the geometrical permutations possible and if you are common man but with a keen interest towards budget reality show , you must be by now exhausted , over consumed with the numbers and even if the numbers , percentages started dancing before your eyes , can’t help it..
So let me give a gingerly guide to what the Budget ‘09 means for You , Me , We !
Sweeter things first !
- Select life saving drugs
- LCD TVs
- Mobile phones
- Branded Jewellery
- Sports products
- Leather products
- Packaged software
- Footwear.
- corals
All this may come bit lighter on your wallet ! Damn it ! My wife picked an Adidas only 3 days back *sighs*
Green brigade can cheer a bit too since there are some duty sops for bio-fuels and generators used in environment-friendly sectors. Yo Green !
Tax faces the Axe :
Senior citizens can smile a bit more with IT exemption limit raised by Rs.15,000
Their children can smile too , with IT exemption limits increased by Rs.10000 for others.
Hold on . 10% surcharge on personal income tax scrapped too.
Now time for bitter pills :
To cost more :
- Gold and Silver
- Set top boxes
- Cosmetic surgery
Ok enough for the common man , what about the social sectors ?
Loads of regular stress on rural sector, agriculture sector ,empowerment of weaker sections and minorities , health care , education are there with increased allocation to various schemes.
You can read all the complete details here >> Indian Budget highlights document
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Nice post!
If you really want to know how sweet the tax sops announced in the budget are for you, check out my post – “Budget 2009-10 – Calculate your Income Tax Impact”
Also see my (some what serious
) review of the budget-09 “Union Budget 2009-10 lacked Fizz!”
Will look forward for your feedback.
Manish