Most probable 2010 budget highlights

Its really hard to see how this year Union budget 2010 spans out  but then if we take a close look at the 2009 budget highlights, then we can draw some conclusions like how budget 2010 will come out.

Most probable 2010 budget highlights:

1. 2% point excise hike expected in budget.
2. Traders hoping a feed on STT status.
3. Tax benefits should not be withdrawn: MF industry.
4. Budget 2010-11 may skip Corporate tax cut.
5. Budget 2010-11 to boost SME IT sector.


And lets look back at the 2009 budget highlights.

2009 budget highlights:


• Budget spells out the target for the UPA: To bring back the 9% growth
• Commodities Transaction Tax (CTT) to be scrapped
• 10% surcharge on personal Income tax scrapped
• Fringe Benefit Tax (FBT) to be scrapped
• IT exemption limit for Women hiked to Rs 190,000
• IT exemption limit for Senior Citizens hiked to Rs 240,000
• Rs 12000 crore earmarked for expenditure on rural roads in FY 2010
• Drugs related to heart diseases to be cheaper
• Service Tax to be now apllicable on law firms
• Bio-diesel custom duty lowered
• Customs Duty on import of Gold and Silver increased
• Branded women's jewellery to be cheaper
• Rs 16300 Crore to be set aside for the upcoming Commonwealth Games
• IITs and NITs to get Rs 2113 crore
• Corporate Tax unchanged
• One rank-one pension scheme to be in place for Ex-Servicemen
• National Ganga Project allocation to go up to Rs 562 Crore
• Unique Identification (UID) project under Nandan M. Nilekani to be out in 12-18 months
• NRHM allocation to be raised by Rs 257 crore
• A national level action plan in place for climate change
• National Employment Exchanges to be modernised
• Interest subsidy for home loans up to 1 lakh

So with this, what do you think users, can you all see where this budget 2010 is heading upto and where the Finance minister is going to bring in the changes. So, do share your views on this.....