Public Budget By Sudha

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  • Words: 248
  • Pages: 11
PUBLIC BUDGET 6-JULY-2009 PRESENTED BY PRANAB MUKHERJI

BUDGET AT A GLANCE PRESENTED BY SUDHA SONI

CONTENT

• FIRST TIME IN THE HISTORY OF INDIA A BUDGET WAS PRESENTED WHICH SHOWS A COST OF MORE THEN RS 10 LAC CARORES. SO LETS FOUND THAT WHO WILL GET & WHO WILL LOSE. • ITS REALLY A PUBLIC BUDGET OR ONLY NAMED PUBLIC BUDGET.

EDUCATION SECTOR • Education sector got benefit. • Now all kind of education loan are taxfree. • Before only those loan was tax-free which was taken for either higher studies or professional studies (U/S 80e).

Tax payers • • • • •

For individuals Tax slab increased from 10000 rs. Now taxable income for man is 160000. And for women is 190000. Effect :-annual saving will be Rs.1030.

Cont. • • • •

For corporate sector Fringe benefit tax is over. Commodity transaction tax (CTT) is over. And other tax like custom, excise & service tax will remain unchanged. • Effect:- annual saving min.21000.

Cont. • For senior citizens • Tax-free income is up to Rs 240000. • Effect:-annual saving 1545Rs.

Tax payment structure • Govt. will develop direct tax code in up coming 45 days. So people can under stand the calculation of tax.

Benefits to Govt. • Income from indirect tax will near about 2000 carore Rs. • Income from rajasav will 6.14 lac carore. • 100% political donation is free from tax . • It will increase the fund of political parties.

Agriculture sector

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