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Budget Analysis 2007 |
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What you Loose
1. Education cess raised from 2% to 3% on all taxes , direct and
indirect.
2. Dividend distribution tax on companies raised from a basic rate of
12.50% to 15% ; on money market MFs and liquid MFs, DDT hiked to 25%.
3. Cigarettes, tobacco-based pan masala and bidis, and at the upper end
private aircraft to cost more.
4. Several info tech firms will now have to pay min alternate tax (MAT).
5. Employees stock options (ESOP) brought under fringe benefit tax net.
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