From: Kasi Viswanatham <kvprudhvi@rediffmail.com>
Date: Mon, Feb 8, 2010 at 6:33 AM
Subject:
To: BudgetTwentyTen@gmail.com
Dream Budget -- Budget Expectations – 2010.
Indian economy is growing rapidly. All the sectoral contributors for this rapid growth of Indian economy are more or less developing. India is coming out of recession and job market luring the job seekers with the expansion of industries as well as core activities. Due to these rapid growth , the incomes of the salaried class not only under government segment but under different categories of segments with the implementation of 6th pay commission and wage agreements among the job providers with their respective unions and associations. All the business communities and companies are entitled to various expenditure exempted from tax net. But the salaried class had lost such opportunity, since finance bill 2005.
Now, the time has come to reintroduce the standard deduction for the salaried class to have a little relief from tax proposals in the coming budget 2010, with atleast Rs.50000 relief.
Enhance investment limit. Present investment of 100000 is insufficient due to increase in salaries.this limit should be increased to atleastRs. 200000, which benfit both the saver aswell as the government. With these funds the government can utilize for core activies and the saver will get social security.
Kasi , Rajahmundry.7th February,2010.
Date: Mon, Feb 8, 2010 at 6:33 AM
Subject:
To: BudgetTwentyTen@gmail.com
Dream Budget -- Budget Expectations – 2010.
Indian economy is growing rapidly. All the sectoral contributors for this rapid growth of Indian economy are more or less developing. India is coming out of recession and job market luring the job seekers with the expansion of industries as well as core activities. Due to these rapid growth , the incomes of the salaried class not only under government segment but under different categories of segments with the implementation of 6th pay commission and wage agreements among the job providers with their respective unions and associations. All the business communities and companies are entitled to various expenditure exempted from tax net. But the salaried class had lost such opportunity, since finance bill 2005.
Now, the time has come to reintroduce the standard deduction for the salaried class to have a little relief from tax proposals in the coming budget 2010, with atleast Rs.50000 relief.
Enhance investment limit. Present investment of 100000 is insufficient due to increase in salaries.this limit should be increased to atleastRs. 200000, which benfit both the saver aswell as the government. With these funds the government can utilize for core activies and the saver will get social security.
Kasi , Rajahmundry.7th February,2010.
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