The document summarizes key highlights from India's 2010-2011 budget related to indirect taxes, direct taxes, deductions and exemptions, and tax rates. Some key points include: - Service tax rate remained unchanged at 10% but new services were taxed, while some services were excluded. - Income tax slabs and exemption limits for individuals remained largely unchanged. Surcharge on personal income tax was removed. - Corporate tax rate remained at 30% for domestic companies. MAT was increased to 18% and surcharge reduced to 7.5% for companies with income over Rs. 1 Crore. - Deductions were introduced or increased for infrastructure bonds, health insurance, and research and development expenditures.