Some More Cash For Common Man

Individual tax rate for the first slab between ` 2.5-5 lakh will be halved from 10 per cent to 5 per cent

Tax rebate available for individual tax payers will be reduced to ` 2,500 for individuals having taxable income up to ` 3.5 lakh

Surcharge at 10 per cent of tax payable will be levied for individuals having taxable income between ` 50 lakh and ` 1 crore.