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 tax-
free.
• 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