what an euphoric last week we had for ourselves.the loan waiver had worked wonders no doubt.now that the adrenaline and emotions of  countrymen have stabilised,the upcoming budget carries a  huge expectatation of the general public.the implementation of the sixth pay commission has eased the living condition of the middle group.but that has raised concern regarding various tax slabs from the last financial year.in general,the amount exempted from tax is upto rs 1,50,000 for men and rs 1.85,000 for women.a futher savings upto rs 100000 in gpf,ppf,cpf, tax saving mutual funds,lics is also exempted from income tax.the concern now will be of more tax exemptions and higher upper ceiling so that the income of the middle class group can both be utilised for savings as well as for spending so that it brings enough liquidity in the economy.as for now inflation is not a problem hovering below one percent for last couple of weeks. financial year 2009-2010 must also not see  a burden on corporate world ,so as to ease their burden ,because of the tremendous slowdown  in economy world wide.the positive iip numbers depend also on ability of the middle income group willing to spend.