Wednesday, July 8, 2009

Arti Sharma speaks to TimesJobs on new India Budget

Arti Sharma, Head HR, India Yamaha Motor Pvt. Ltd.

Budget 2009 was not able to give much to salaried professionals. The increase of slab by Rs.10000/- will give little impact to few professionals.
- FBT abolition is good for corporates but required more clarity. Incase this will be passed on to employee on normal slab rate this will be a big hit for employees and that too at this time of recession, when no change or reduced salary .FBT abolition at employer end should not be passed to employees
as tax burden.
- There is one good step in last so many years that surcharge is removed for more then 10lacs salaried professional.
- Commodity rates are increasing, salaries in this tough market situation either no increase or cut , the budget was not able to give any relief.
- All salaried professionals were expecting increasing under Home loan exemption but no change made all unhappy.
- This is good step that taking care of farmers and want to focus more on their development ,but Govt need to understand
that most of their tax collection is coming from salaried professionals.
There is nothing for salaried professional.
Overall the budget -2009 was not able to give any relief to salaried professionals ,and a big disappointment for all.

Article excerpt from TimesJobs blog.

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