Union Finance Minister P Chidambaram on 29/02/2008 presented the much-awaited General Budget for the fiscal 2008-09 in the Parliament.

Relyon brings you the best and informative parts from the budget towards taxation. The due care has been taken while presenting the content over here. We thank the extended Courtesy of Media namely, Economic Times, Rediff, NDTV and Business Standard.

You can find these resources useful:

Union Budget Speech Finance Bill 2008 PDF Budget Memorandum 2008 PDF Exclusive: ->Tax Proposals ->Tax Highlights

Tax Difference Utility Know the difference in Effective Income tax payable by an individual for 2007-08 and 2008-09 FY. Download and check it now....

In detail:

Ø»	Return filing due date [Oct 31st] changed to Sep 30th	Relyon	04-03-2008
Ø»	Post office 5 Yr deposit deductible from 2007-08 itself [80C]	Relyon	04-03-2008
Ø»	Medical insurance paid for parents now eligible [Sec 80D]	Relyon	04-03-2008
Ø»	Form 16/16A continues till 2010	Relyon	04-03-2008
Ø»	Short Term Capital Gain now taxed at 15%	Relyon	04-03-2008
Ø»	Rebate 88E withdrawn	Relyon	04-03-2008
Ø»	Highlights - Direct Taxes [Income tax, STT, etc]	Relyon	01-03-2008
Ø»	Highlights - Service Tax and CST	Relyon	01-03-2008
Ø»	Highlights - Excise Duty	Relyon	01-03-2008
Ø»	Highlights - Customs Duty	Relyon	01-03-2008
Ø»	Tax related highlights from the budget [In Brief]	Relyon	29-02-2008
Ø»	Tax rates changed for individuals..!	Relyon	29-02-2008
Ø»	FM words on Taxation in the budget	Relyon/NIC	29-02-2008

Thats all the major coverage from the new Union Budget presented by FM in the parliment for the year 2008.

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