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• Tax exemption hiked from Rs 1,10,000 to Rs 1,50,000

• Minimum relief of Rs 4,000 to all assessees

• 10% tax between Rs 1.50,001 and Rs 3,00,000

• 20% tax between Rs 3,00,001 and Rs 5,00,000

• 30% tax on income above Rs 5,00,001

• No change in corporate income tax rate

• Women exemption hiked to Rs 1,80,000

• Tax exemption for senior citizens upto Rs 2.25 lakhs