New Delhi, Feb 29: Union Finance Minister P Chidambaram on Friday gave tax benefits to almost all section of society.
Chidambaram has restructured the tax slabs for income tax payment by raising the exemption limit from 110 thousand rupees to 150 thousand rupees for men, for women it has been raised from 145 thousand rupees to 180 thousand rupees and for senior citizens it has been raised from 195 thousand rupees to 225 thousand rupees.
New Delhi, Feb 29: To give a boost to the agricultural sector, Union Finance Minister P. Chidambaram today announced a loan waiver for about forty million farmers while presenting his Budget proposals for fiscal 2008-09. This relief is expected to help the government deal with its current agrarian crisis.
Chidambaram announced waiver of 500 billion rupees worth of loans granted to small and marginal farmers and a settlement scheme of 100 billion rupees for other farmers.
New Delhi, Feb 29: Finance Minister P Chidambaram Union Budget proposals for 2008-09 has got the thumbs up from the industry and investment bankers, who described it as a "fantastic" job.
Confederation of Indian Industry (CII) President Sunil Mittal described the Budget as being on expected lines, “Although we are disappointed that the corporate tax has not been changed.”
"Corporate taxes are at fair levels. An increase of five per cent on short-term capital gains will make people hold for medium term," Kotak Mahidra Bank Managing Director Uday Kotak said.
New Delhi, Feb 29: Union Finance Minister P Chidambaram on Friday gave tax benefits to almost all section of society.
New Delhi, Feb 29: To give a boost to the agricultural sector, Union Finance Minister P. Chidambaram today announced a loan waiver for about forty million farmers while presenting his Budget proposals for fiscal 2008-09. This relief is expected to help the government deal with its current agrarian crisis.
Following are the key points of Union Budget 2008-09 tabled by P Chidambaram.
New Delhi, Feb 29: Finance Minister P Chidambaram Union Budget proposals for 2008-09 has got the thumbs up from the industry and investment bankers, who described it as a "fantastic" job.
