Monday, July 21, 2014

Budget makes you richer



Budget makes you richer !  That’s what some experts ( ! ?b) say about the Budget.  Some of them says :
Salaried class will have more liquid cash to spend and invest.
Jaitly puts money in the hands of taxpayers.
You save  Rs.10300 (if  in 5 lakhs tax bracket).

But, the fact is that, if you are in 5 lakhs tax bracket, you just pay the Income Tax  about 5000 less than last year. But your cost of living have gone up by many more thousands. Then who saves ?
They say you save another 5300 on Income Tax, if you make investments of  50000 more.  Remember, to save all these, you have to invest 1.5 lakhs in Tax Saving instruments.  
Don’t make me richer this way, dear Jaitlyji !

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