Income Tax
Senior citizens’ exemption hiked from Rs 1,95,000 to 2,25,000
Women exemption threshold hiked from Rs 1,45,000 to 1,80,000
Tax exemption raised from 1,10,000 to 1,50,000
Tax slab for Rs 3-5 lakh is 20%, above 5 lakhs 30%

Agriculture
Agriculture grew by 2.4%
Marginal, small farmers to get full waiver on all loans
Scheme of debt waiver and debt relief for farmers
Allocation for NRHM increased to Rs 12,050 cr
Rs 500 cr to be allocated for micro irrigation schemes

New Taxes
Commodities Transactions Tax to be introduced
Securities Transaction Tax to be treated like deductible expenditure

Banking Cash Trasaction Tax
Banking Cash Transaction Tax withdrawn from 1 April, 2008

Corporate Tax, FBT, CTT
Corporate Tax remains unchanged
NO FBT on creche, employee sports, guest houses facilities
Commodities Transaction Tax to be introduced

Securities Transaction
PAN requirement for all securities transactions
To start a forex derivative market
More transparency in the derivative market
Risk Capital Fund to be set up in SIDBI

Public Distribution System
Rs 32,676 crore as subsidy to PDS
Smart-card based PDS system in Haryana, Chandigarh

Growth
Growth to be 8.7% this fiscal, according to CSO
Confident of 8.8% this fiscal
Manufacturing growth at 9.4%
Services growth at 10.7%
Agriculture grew by 2.4%