Dear FM, As a salaried and mid-level manager and only one earner at home need a good and very good tax exemptions. This would allow people like me to take care of family and also elders and allow to safeguard the greatminds. I suggest a no-obligatory and non-negotiable personal tax exemption from 1.6 Lacs to 5.0 Lacs with the remaining current structure as intact for this year. Anyways, from 2011-12 financial year, we are hoping a new taxation and govt. anyway get more out from the employees that time.