Union Finance Minister P. Chidambaram presented his fifth Budget for 2008-09 in Parliament on Friday. Several new changes are made and many new schemes are announced.
Highlights of budget are as follows:
• income tax slab: 30% for 5 lakhs
• income tax slab: 20% for 3-5 lakhs
• income tax slab: 10% for 1.5-3 lakhs
• exemption limit up to Rs 2,25,000 for senior citizens
• exemption limit up to Rs 1,80,000 for women
• threshold for exemption of Rs 1,50,000...