* No changes have been made to existing income tax slabs.
* People with income less than Rs. 5 lakh to get deduction of Rs. 5,000, up from Rs. 2,000 last year
* Deduction for rent paid under Sec.80GG to be increased to Rs.60,000 from Rs. 24,000
* Presumptive income tax scheme for all professionals with gross income of Rs. 50 lakhs
* National Pension Scheme gets partial tax exemption for withdrawal - 40% of withdrawal to be exempt
* First home buyers to get additional deduction of Rs.50,000 for interest on loans upto Rs.35 lakhs and value of house to not exceed Rs.50 lacs
* Higher taxes on all cars
*Taxes on tobacco products, barring beedi, to go up by 10-15 per cent
* No Service Tax for houses built under 60 sq metres.
* 4% high capacity tax for SUVs