The budget proposes a Rs 2,000 tax credit for those with taxable income up to Rs 5 lakh, increasing their exemption limit from Rs 2 lakh to Rs 2.2 lakh. It does not change tax rates for seniors or the 3% education cess. A 10% surcharge is introduced for taxable income over Rs 1 crore. Agriculture is allocated Rs 27,049 crore, a 22% increase, and health remains a priority with Rs 37,330 crore for related ministries.

2.  The Budget left tax slabs and tax rates unchanged but proposes a Rs
2,000 tax credit to those whose taxable income is up to Rs 5 lakh.
 The credit, given to those in the lowest tax bracket, increases their tax
exemption limit from Rs 2 lakh to Rs 2.2 lakh.

3. The Budget has also not changed the tax rates for senior citizens (60-
80 years) and very senior citizens (80 years and above).
 So, all men, women and senior citizens with taxable income of less
than Rs 5 lakh will save Rs 2,000 in 2013-14.
 The 3 per cent education cess on the total tax liability continues.

4.  The government has announced a 10 per cent tax surcharge on those
with taxable income of more than Rs 1 crore.
 So a person with taxable income of Rs 1.1 crore will now have to pay
Rs 35,46,290 as tax as against Rs 32,23,900 earlier.
TAX ON SUPER RICH

5. Growth rate of 8%.
Slowdown economic growth rate from 3.9% to
3.2% in 2012.
High growth can be achieved through cooperation

6. 27,049 crore allocated to Ministry of
Agriculture, an increase of 22 per cent
over the RE of current year.
AGRICULTURE

7.  Health for all and education to all remains priority.
 37,330 crore allocated to the Ministry of Health & Family Welfare.
 New National Health Mission will get an allocation of ` 21,239 crore
 4,727 crore for medical education, training and research.