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Will Budget 2010 may bring some cheer to taxpayers?
The Budget is likely to bring some cheer to the average taxpayer in a year of rising inflation by increasing the basic exemption limit for all income levels.
Sources familiar with the developments said the finance minister may increase the basic exemption limit for individuals from Rs 1,60,000 to Rs 1,80,000-Rs 200,000.
There could be an increase in the exemption limits for women and senior citizens as well, in the range of Rs 10,000 to Rs 30,000.
Comments by AAM AADMIN :
I have 1 idea thr' which the Government and "aam" admi all are beneficial...if government decide to give straight I.T deductions on our local purchased bills. say example - if we purchase some food grains of rs. 1500/- we 'll get compensation of Rs. 7.5/- straight @ 0.5%. if you count such cases for a full year on all the local things purchased thr' bills you can imagine the revenue gov will collect thr' it and also the benefit we people will get from it!!!...please put your comments on this idea!
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