CHIDAMBARAM V/S PRANAB

MUKHERJEE

ARYA BARIDE.
AMRUTA BAGE.
TEJAS APTIKAR.
SHITAL GIRIGOSAVI.
PRADNYA CHAUDHARI.
 TAX SLABS
2008-2009
Individual below 65yrs
Upto Rs.1,50,000-Nil
Rs.1,50,001 to Rs.3,00,000-10%
(of amount which total income exceeds Rs.1,50,000) 2009-2010
Rs.3,00,001 to Rs.5,00,000-20%
(of amount which total income exceeds Rs.3,00,000) Individual below 65yrs
Above Rs.5,00,000-30% Upto Rs. 1,60,000-Nil
(of amount which total income exceeds Rs.5,00,000)
Rs.1,60,001 to 5,00,000-10%
(of amount which total income exceeds Rs.1,60,000)
Surcharge 10% & Education cess – 3% for
Rs.10,00,000 & above Rs.5,00,001 to Rs.8,00,000-20%
(of amount which total income exceeds Rs.5,00,000)
Above Rs.8,00,000-30%
(of amount which total income exceeds Rs.8,00,000)
 Individual Woman
Up to Rs.1,80,000-Nil
Rs.1,80,001 to Rs.3,00,000-15%
(of amount which total income exceeds Rs.1,80,000)
Rs.3,00,001 to 5,00,000-20%
(of amount which total income exceeds Rs.3,00,000)
Above Rs.5,00,000-30%
(of amount which total income exceeds Rs.5,00,000)
Individual Woman
Up to Rs.1,90,000-Nil
Rs.1,90,001 to Rs.5,00,000-10%
(of amount which total income exceeds
Rs.1,80,000)
Rs.5,00,001 to Rs.8,00,000-20%
(of amount which total income exceeds
Rs.1,80,000)
Above Rs.8,00,000-30%
(of amount which total income exceeds
Rs.1,80,000)
 Individual 65yrs & Above
Upto Rs,2,25,000-Nil
Rs.2,25,001 to Rs.3,00,000-
10%
(of amount which total income exceeds
Rs.2,25,000)
Rs.3,00,00 to Rs.5,00,000-20%
(of amount which total income exceeds
Rs.3,00,000)
Above Rs.5,00,000-30%
(of amount which total income exceeds
Rs.5,00,000)
Surcharge is not applicable to Senior Citizen
Individual 65yrs & Above
Upto Rs,2,40,000-Nil
Rs.2,40,001 to Rs.5,00,000-10%
(of amount which total income
exceeds Rs.2,40,000)
Rs.5,00,01 to Rs.8,00,000-20%
(of amount which total income
exceeds Rs.5,00,000)
Above Rs.8,00,000-30%
(of amount which total income
exceeds Rs.8,00,000)
 BUDGET & YOUR WALLET

 Gold prices to go up by Rs.100-Rs.300 per

10gm.
 Silver prices increased by 2%-3% after import
duties increased by Rs.500- Rs.1500/kg.
 Excise on cars reduced
 Excise duty increased on cigarettes and
tobacco.
 Prices reduced for mobile phones.
 Prices for electronic goods increased.
 Prices for agricultural equipments reduced.
 Prices for readymade garments reduced.
 Excise on petroleum products
- Petrol prices increased by Rs.2.67/lt
- Diesel prices increased by Rs 2.58/lt
 Prices of common household items and
consumer durables increased due to hike in
fuel prices

 Excise duty goes up by 2% for all classes of

goods including household items and luxury
items.
 CRITICISM

What affects the “AAM ADMI” is food inflation

that is not impacted by the budget provisions
 CONCLUSION
 The salaried middle class can celebrate an entirely
unexpected windfall of up to Rs.56, 000 per annum from
reworked personal income tax slabs and new tax
exemption option.
 But ‘AAM ADMI’ is hardly likely to be pleased with hike
in fuel prices, may get wondered why the flagship rural
employment scheme(NREGS) has been given just 2.5%
more than last year’s budget.
 Budget, 2010 had impact on many aspects such as
automobile, banking & finance, cement, power, steel,
telecom, textile, infrastructure.
THANK YOU !!