As fas as general people concern finance minister totally ignore them they increase service tax at 12% from 10% it is a big impact on social life because service tax impact on all type of service like elecricity, telephone etc.
Against service tax they increase income tax slab but it is not sufficient because just 2000 to 23000 tax save from 2 lakh to 10 lakh income it is not a good budjet present by finance minister Pranab Mukharji. I am totally disappointed by him.
According to me there is reduce a different type of tax and include in one head because different type of head increase cost if FM want to grow economy very fast try to reduce cost not try to generate more income because if tax increase it's effect to inflation directly and Indian economy suffer very bad. So my opinion is that reduce cost not increase tax.
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