- FM increases rate of Service tax from 12.36% to 14% (all inclusive)
- Services of Common Effluent Treatmennt Plant shall be out of the purview of Service Tax
- Rs. 30,000 deduction for expenditure on health treatment for super senior citizens: FM
- Deduction for health insurance premium increased from Rs. 15,000 to Rs. 25,000: FM
- Wealth Tax abolished and replaced with 2% additional tax on super-rich with income of above Rs. 1 crore
- EC and SHEC to be subsumed in Excise Duty; Excise Duty rounded off to 12.5%
- Additional deduction of Rs. 50,000 under Section 80CCD for contribution to Pension Contribution Scheme
- Additional deduction for differently abled person of 25,000 under Sections 80DD and Section 80U, says FM
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