Finally got some time and reason to update my page.This can be read as a feedback from a common salaried Tax payer (Unnaipol Oruvan) !!
Tax: 1.6L to 5L at 10%, 5L to 8L at 20% and 8L and above at 30% is a welcome move.
So from Tax saving perspective, it is good. Indirectly Govt wants people to do more social spending so it will have income from other sources to set off the loss due to Tax. Better Tax slabs will also encourage more people to pay tax, so it will also increase the number of tax payers.
Savings: In addition to sec80C (1Lakh) savings, now there is a possibility to park 20K more in Infrastructure bonds. So total savings will be 1.2L.
Inflation: It will be raise further due the increase in the Fuel price.
Excise duty: Increase from 8 to 10% will lead to price increase in almost all products. The rates of the big cars and SUVs are set to increase. I am still in favor of small car 😉
Misc: Decrease in Deodorant prices and Increase in Soap prices. So I guess govt wants to save Water. Use more Deo than Soap and water 😉
Staying Alive !!!