FM's Budget disappoints aam aadmi

Finance Minister Pranab Mukherjee announced during the Union Budget on Friday that personal tax exemption will be raised to Rs 200,000 in FY13.

Here are some reactions from the man on the street:

Atul Jain (30), Businessman: We were expecting the tax slabs to go up to 3 lakhs - it's not up to expectations.

Bhanu Pratap Singh (33) Life insurance executive: The past four years, the slab has been increased by Rs 20,000 whereas incomes are rising faster than that. I'm not satisfied.

Kunal (30), Marketing executive: The average income of people is more than Rs 2.5 - 3 lakh. So the increase in the tax slabs is not enough.

Tanmay Gautam (33), Banker: Our take-home salaries will increase. Even Rs 5,000-10,000 more each month is great because it helps in personal expenditure, children's education and other things.

Rahul Nair (30), Banker: It will add around Rs 45,000 per annum to my income and seeing inflation and salary hikes… it is a good move.

Anupriya Kumar (26), Journalist: I had hoped for tax slabs to be raised to Rs 3 lakh… Rs 2 lakh is no improvement at all. The government has messed up its finances over the past year so it obviously cannot announce too many incentives. Excise duty up, service duty up as well -- things will be more expensive. Stupid, ineffective budget.

Ganesh Singh Mehra (35), Worker at Delhi Secretariat: We are fourth class employees and earn Rs 15,000 a month… It is not enough because the government doesn't pay us so much and we are still in the tax bracket.

Deepak Sharma (25), Assistant Manager at an MNC: In my salary bracket, this budget will not make much of a difference, but it will help those employees who earn between 8-10 lakhs.

Prince Madan (44), employee at Mitsubushi: There is going to be savings of around Rs 22,000 per annum. But indirect taxes have gone up by 2% so your savings are kind of nullified.