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Measure: Basic exemption limit increased by Rs 15,000
Senior citizens
0 to 240000 0
240001 to 300000 10%
300001 to 500000 20%
Above 500000 30%
Impact: You save taxes! Here's is how much tax you would save
| Taxable income (Rs) | Tax before budget | Tax after budget | Difference |
| 200000 | 0 | 0 | 0 |
| 500000 | 49875 | 47379 | 2496 |
| 1000000 | 203424 | 201879 | 1545 |
| 1200000 | 291746 | 263679 | 28067 |
| 1500000 | 393716 | 356379 | 37337 |
| 2000000 | 563667 | 510879 | 52788 |
| 2500000 | 733617 | 665379 | 68238 |
| 4000000 | 1243467 | 1128879 | 114588 |
| In Rs |
Measure: Cuts custom duty on medical equipments; cuts customs duty on some life saving drugs
Impact: Health care to become cheaper
For more on Budget Impact, click on:
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