I would like to briefly discuss on today’s budget for which Pranab Mukherjee, the Honorable Finance Minister who budgeted it.
For Men assesses the basic exemption limit is from 1,50,000 to 1,60,000.
For Women assesses the basic exemption limit is from 1,80,000 to 1,90,000.
For senior citizens the basic exemption limit is from 2,25,000 to 2,40,000.
MAT has been increased by 5% and now its 15%.
FBT(Fringe Benefit Tax) has been taken out and commodities transaction act.
Surcharge has been taken out.
Last but not least Saral-II has been introduced to pay the tax without any difficulties.