FOR "BUDGET REACTIONS" PAGE

Sir,

In response to your call, herewith my reactions for "Budget Reactions"
Page. Three profile of my photos and brief are also attached as
desired.

Thanking you,
S. SHYAMALA.
====================================

FOR "BUDGET REACTIONS" PAGE

Raise IT exemption ceiling to Rs 3 lakh, scrap TDS on bank interest
and raise 80 C ceiling to Rs 2 lakh

For the middle-income group which accounts for the bulk of Indian
population, this Budget is a big disappointment. When the FM admits
the need to raise the IT exemption ceiling, why did he not raise it
substantially to provide the much-needed relief? A marginal increase
of Rs 10,000 is arbitrary as it provides relief for only Rs 833 per
month, but the cost of running households has trebled in the last one
year and risen five time in three years nullifying any increase in
income. Housewives' expense on rent, water, electricity, education,
uniform, shoes and medical has skyrocketed further hiking their living
cost. The pre-Budget hike in diesel price has increased commodity
price by 20 per cent. So, the IT ceiling should be doubled to Rs 3
lakh.

In the recessionary era, housewives live in a fear of uncertain future
regarding owning houses and vehicles, higher education for their sons
and marriage for daughters. Bank saving is compulsory and to
encourage saving of middle-income group, the exemption ceiling under
Section 80 C should be doubled to Rs 2 lakh. Also, with income
falling, people are dependent on bank interest. Since the rate of
interest has been drastically reduced, at least the TDS on interest
income should be exempt.

-- S. Shyamala, Coonoor.

About me:

I am a house-door fiscal analyst working for the improvement of
housewives, home makers and self-employed women.

Address for communication:

S. Shyamala,

308, Reilly Compound,

Coonoor-643 101.