- no advance tax requirement for senior citizens
- Deduction of upto 10,000 on interest on savings Bank Accounts
- Tax slabs: Rs 2 lakh-5 lakh: 10%; Rs 5-10 lakh: 20%; and above Rs 10 lakh 30%.
- No change in tax structure for corporates.
- Individual income tax exemption from 1,80,000 to 2,00,000 .
- Rs 15,850 crore to be allocated to Integrated Child Development Scheme in 2012-13 as against Rs 10,000 crore this fiscal
- Allocation for rural drinking water and sanitation scheme increased from Rs 11,000 crore in FY 12 to Rs 14,000 crore in 2012-13.
- Propose to set up 6,000 schools in 12th five year plan
- Propose to set up 6,000 schools in 12th five year plan
