<p>- No change in corporate tax rate <br />- Income tax exemption limit for senior citizens increased by Rs.15,000, for women and others by 10,000 each <br />- New indirect tax will be introduced in 45 days <br />- Fringe benefit tax abolished <br />- Goods and services tax (GST) will be introduced April 1, 2010<br />- An alternative dispute settlement mechanism to be set up to settle tax disputes <br />- Lawyers brought under the ambit of service tax <br />- Tax exemption on profits in the natural gas sector extended <br />- Customs duty on LCD TVs reduced to 5 percent from 10 percent <br />- Five percent customs tax imposed on set-top boxes<br />- Rs.500 crore for the rehabilitation of displaced Sri Lankan Tamils and reconstruction activities in that country <br />- Aligarh Muslim University campuses to be set up in Murshidabad in West Bengal and Malappuram in Kerala <br />- Allocation for the minority affairs ministry raised to Rs.1,740<br />- Plan expenditure up 34 percent, non-plan spend up 37 percent <br />- Total spending increased to Rs.10.2 lakh crore <br />- Rs.420 crore for new IITs and NITs <br />- Commonwealth Games allocated Rs.3,472 crore <br />- National unique identification numbers to start rolling out in 12-18 months <br />- Paramilitary forces such as CRPF to get 100,000 homes <br />- Banking services in under-banked areas to be increased, scheme allocated Rs.100 crore <br />- Agriculture debt waiver extended by six months<br />- Outlay for national rural health mission increased by Rs.2,057 crore from the Rs.12,070 crore provided in the interim budget<br />- Allocation towards National Rural Employment Guarantee Act increased by Rs.39,100 crore <br />- Allocation for Bharat Nirman scheme increased by 45 percent<br />- Rs.20 billion for rural housing<br />- Rural electrification scheme to get Rs.7,000 crore more<br />- Tax department to work on early introduction of Saral 2 forms <br />- Stimulus for print media extended from June 13 to Dec 31 <br />- Rs.1,000 crore to accelerate irrigation projects <br />- Agriculture development fund increased from Rs.2.87 lakh crore to Rs.3.25 lakh crore <br />- Market development assistance scheme for exporters increased by 148 percent to Rs.124 crore <br />- Pre-shipment interest subvention set at 2 percent for textile exporters <br />- Will make sufficient funds for infrastructure development <br />- Allocation for national highways development stepped up by 23 percent <br />- Allocation for urban poor schemes to be raised to Rs.39,730 crore in 2009-10 <br />- LNG infrastructure to be expanded <br />- Allocation for Jawaharlal Nehru Urban Renewal Mission raised by 87 percent to Rs.12,887 crore</p>
<p>- No change in corporate tax rate <br />- Income tax exemption limit for senior citizens increased by Rs.15,000, for women and others by 10,000 each <br />- New indirect tax will be introduced in 45 days <br />- Fringe benefit tax abolished <br />- Goods and services tax (GST) will be introduced April 1, 2010<br />- An alternative dispute settlement mechanism to be set up to settle tax disputes <br />- Lawyers brought under the ambit of service tax <br />- Tax exemption on profits in the natural gas sector extended <br />- Customs duty on LCD TVs reduced to 5 percent from 10 percent <br />- Five percent customs tax imposed on set-top boxes<br />- Rs.500 crore for the rehabilitation of displaced Sri Lankan Tamils and reconstruction activities in that country <br />- Aligarh Muslim University campuses to be set up in Murshidabad in West Bengal and Malappuram in Kerala <br />- Allocation for the minority affairs ministry raised to Rs.1,740<br />- Plan expenditure up 34 percent, non-plan spend up 37 percent <br />- Total spending increased to Rs.10.2 lakh crore <br />- Rs.420 crore for new IITs and NITs <br />- Commonwealth Games allocated Rs.3,472 crore <br />- National unique identification numbers to start rolling out in 12-18 months <br />- Paramilitary forces such as CRPF to get 100,000 homes <br />- Banking services in under-banked areas to be increased, scheme allocated Rs.100 crore <br />- Agriculture debt waiver extended by six months<br />- Outlay for national rural health mission increased by Rs.2,057 crore from the Rs.12,070 crore provided in the interim budget<br />- Allocation towards National Rural Employment Guarantee Act increased by Rs.39,100 crore <br />- Allocation for Bharat Nirman scheme increased by 45 percent<br />- Rs.20 billion for rural housing<br />- Rural electrification scheme to get Rs.7,000 crore more<br />- Tax department to work on early introduction of Saral 2 forms <br />- Stimulus for print media extended from June 13 to Dec 31 <br />- Rs.1,000 crore to accelerate irrigation projects <br />- Agriculture development fund increased from Rs.2.87 lakh crore to Rs.3.25 lakh crore <br />- Market development assistance scheme for exporters increased by 148 percent to Rs.124 crore <br />- Pre-shipment interest subvention set at 2 percent for textile exporters <br />- Will make sufficient funds for infrastructure development <br />- Allocation for national highways development stepped up by 23 percent <br />- Allocation for urban poor schemes to be raised to Rs.39,730 crore in 2009-10 <br />- LNG infrastructure to be expanded <br />- Allocation for Jawaharlal Nehru Urban Renewal Mission raised by 87 percent to Rs.12,887 crore</p>