Chidambaram announced that personal income tax exemption slab at Rs 1.5 lakh for men; for women at Rs 1.8 lakh; 10% income tax for income in the range of Rs 1.5-3 lakh; 30% Income Tax For Income above Rs 5 Lakh; Slab for senior citizens at Rs 2.25 lakhs; 5-year tax holiday for setting up hospitals in non-urban cities; No change in corporate tax
Source : Agencies | 
