An Open Letter To Prime Minister
The ‘Modi-wave’ is still very much alive in our mind as well as in heart and that’s why entire nation is eagerly waiting for the Union Budget, which will be unveiled by the Finance Minister – Arun Jaitley on 28 February, 2015.
Since joining office from May, your performance has managed to impress the common man, this resulted to build up of higher expectations from the NDA government.
We have seen your government working on macro-economic front (like inflation, GDP, fiscal and current account data) to boost country’s economic health.
But, as an individual we are expecting something more which will directly effect our day-to-day household budget.
Here is our wishlist -
At least, raise our Income Tax bracket from Rs 250,000 to Rs 300,000 for men and Rs 400,000 for women. So that we can save more…!!!
We have added health and education to our basic needs along with food, clothing and shelter. So, we are hoping that exemptions against education loans can be extended to 10 years from the currently allowed 8 years. And also, please don’t raise rates of service tax otherwise school, colleges will also increase their fees.
Talking about health, you are aware of new diseases that currently irritating the people of country which is also heavy burden on our head. Currently, we are getting overall deduction of Rs 15,000 but, as the cost of medicines are skyrocketing – we will be happy if the limit is raised to Rs 50,000.
We believe that you will accomplish your aim to provide homes for everyone at affordable prices. But for now, atleast increase limit for interest on housing loans from Rs 200,000 to Rs 300,000.
And last, some suggestion for Senior Citizens of our country. They should be given a higher tax rebate. Senior citizens (above 60 years) are now getting exemption of Rs 300,000, we think it should be raised to at least Rs 400,000. Similarly, those who are above 80 years of age and do not come under the tax bracket of earning up to Rs 500,000 should also get higher exemption limit.
As I said, we have great expectations from your Union Budget. We really hope that you will not disappoint us like the previous government did every year. We are still waiting for ‘Ache Din’.
Thanking you in advance,