Central Govt. Budget highlights:
- No income tax (IT) till income up to Rs 2 lakh,
- Income Rs. 2 – 5 lakh: 10% IT,
- Income Rs. 5 – 10 lakh: 20% IT,
- Income above Rs. 10 lakh: 30% IT,
- Cars, AC, fridge, gold, cigarettes to cost more,
- Cancer & HIV medicines, Solar power lamps, LED bulbs to get cheaper,
- Excise duty hiked to 12%.