Experts want balanced budget from government
Experts want balanced budget from government
Siddhartha Shankar, Director, KASSA, New Delhi
The tax slabs should be fixed at Rs 2.5 lakh, as people will be forced to spend more due to the decreased agricultural output.
Also, the rate of inflation is expected to shoot up. The government should not charge tax on perks like flats, bonuses and office cars.
Even tax on flights funded by companies for their employees should be exempted.
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However, there can be no changes in fuel prices because it depends on the international market.
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Tax on electricity, stationery and other office equipments are covered under expenditure.
Government must not think twice and provide tax-free educational loans, as education has made India what it is today.
S C Nagpal, former chief commissioner, Income Tax, Pune
Imagine how wonderful it will be if there are no red channels, no customs duty and all of us could walk through the green channel.
Imagine how happy the public will be if they don't have to pay excise duty on liquor and cigarettes, and if the entertainment tax is done away with.
If the transport tax is also cut, the food will cost a lot less and cost of living will come down drastically. It would be like living next to heaven.
8 per cent
Hike in VAT on mobile phones imposed by the state government. It will come into effect from Wednesday
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