IN todays India, a minimum requirement to have a decent life one needs Rs.15,000/- per month. Hence, I think that the honorable FM increases the zero tax level to Rs.180,000/- per annum accross all - individuals, women and senior citizens. There is no point to have any discretion for the women as todays world is of equal opportunities - the share of committments also should be equal. The deduction limit under sec 80C to go upto Rs.150,000/-. The tax slab above Rs.180,000/- to Rs.250,000/- to be @10%, Rs.250,000/- to Rs.360,000/- @20% and then upto Rs.600,000/- @30%. Above Rs.10 Lacs, the tax should be 40% of the income exceeding Rs.10 Lacs.
