1 Personal income tax exemption limit raised to Rs 180,000 from Rs 160,000 for individual tax payers
2 For senior citizens, the qualifying age reduced to 60 years and exemption limit raised to Rs 2.50 lakh.
3 Citizens over 80 years to have exemption limit of Rs 5 lakh.
4 No change in Tax exemption limit for Women
5 To reduce surcharge on domestic companies to 5 percent from 7.5 percent.
6 A new revised income tax return form 'Sugam' to be introduced for small tax papers.
7 To raise minimum alternate tax to 18.5 percent from 18 percent
8 Service tax rate kept at 10 percent
9 Service tax widened to cover hotel accommodation above Rs 1,000 per day, A/C restaurants serving liquor, some category of hospitals, diagnostic tests.
10 Central Excise Duty to be maintained at standard rate of 10%.