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This Budget can easily be described as an election year budget, as the Finaince Minister has taken pains to please almost everybody.

I feel the tax on interest earned on deposits should have been taken out of the purview of the tax bracket at least in the case of senior citizens, as it is well known that the retired persons depend greatly on such income for their living. At the sam e time, the TDS on such income also could have been removed to save bankers from cumbersome works.

The proposal to remove the BCTT is to be effective from April 1, 2009. How can the Finance Minister put such a clause, when it is clear that next year’s Budget will not be presented by him? And whoever presents next year’ Budget, can nullify this proposal also, thereby negating the whole idea!

Unnikrishnan Nair B.C., Ottappalam

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