Budget 2008~ the things that strike me first
The tax slabs have been liberally changed in favour of the salaried class. The savings can be from Rs 4000 to around 50000 per annum depending upon your salary range and structure.
The other welcome change in this budget is - You can claim tax benefit on up to Rs 15,000 (20k in case of sr. citizens)which is used to pay medical insurance premium for parents ( apart from 1 lakh under 80c and 15000 Rs medical premium for yourself).
Short Term Capital gains up to 15%- Not good for traders . But doesn't make a difference for true investors.
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