Wednesday, February 01, 2017

Disappointing Budget 2017

Probably one of the much awaited and hyped budget, and definitely, nothing in it for the Salaried Class.

This Budget has made me think that, yes, probably those who don't pay taxes are the lucky ones as they earn what they can and use it rather than paying taxes. The Salaried people were left high and dry.

Jaitley indicated in the Budget speech that, most of the tax payers are indeed Salaried, but absolutely nothing in for them. Even if there was no major change in the tax slabs or the cuts, people were hoping for some benefits, maybe in the conveyance, investments under 80ccc or medical insurance or anything, in that area. But then just nothing. 

I am highly disappointed today, and the faith that, Modi had indeed done a great thing by demonetization, has been somewhere eclipsed. 

Either they should have started to collect taxes from more people, or reduced the amount from salaried. Something should have been done. But I guess, its the vote that matters at the end of the day and nothing else.