Budget 2011-12

The budget is pro corporate. For the salaried class the Finance Minister has increased the threshold limit by just Rs.20000/-.  There are no concessions for women employees.  Men whose annual salary is Rs.180000/- now have not to pay any tax.  Similarly women whose annual income is Rs.190000/- need not pay any tax.  The FM has introduced a new concession for persons who are 80 years and above.  They need not pay any taxes upto Rs.500000/-.  I do not understand why this concession has been introduced.  It is stated that only15000 tax payers would be benefited. Instead of this concession he should have increased the threshold limit to Rs.200000/-.  The Finance Minister has not said a word as to how he would tackle inflation.  He has nothing to say about the black money that is stashed in tax havens eventhough the Prime Minister had committed that he would bring back the black money within 100 days from his assumption of office.  May be 100 days has not yet come.  As usual the Opposition is making noise that the budget has nothing.  The ruling party members rate it as the best budget.  All the while to use Hiren Mukerjee's words" " our nation fed on the poorest ration watch in sheer trepedation"