- Government likely to announce measures to address concerns of the aspirational classes
- Budget may introduce new tax slab at 8-10 lakh with a tax rate of 10-15%, against 20% currently
- 30% tax rate on income above 10 lakhs may be reduced to 25%
- Government considering reducing some cess rates
- Benefits under 80C may be increased from 1.5 to 2 lakhs
- Tax exemption limits on housing loans may be increased from ₹2 lakhs currently
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