Friday, February 29, 2008

Awesome Budget 2008-09

Today finally finance minister Mr. P.Chidambaram announced the Union budget for 2008-09.
To my surprise I dedicatedly watched it and yipeeeeee it brought happiness to all of us as tax excemption was raised for
Changes in IT slab.
Threshold of exemption for all Income Tax assesses raised from from 1,10,000 to 1,50,000
For women, the income tax limit goes up from Rs 1.45 lakh to Rs 1.80 lakh.
In case of senior women citizens, it increases from Rs 1.95 lakh to Rs 2.25 lakh.
A funny incident happend...one of my colleague got cal from her husband as soon as this information was announced.He said "look down the lane in future when we hav kids and its diffcult to manage office and look after the kid...its me who is quiting the job....as IT excemption is too gud for you....."
I really appreciate his thinking.....