i) No tax for income upto 300000 ii) 10% tax for income of more than 300000 to 1000000 iii) 20% for more than 1000000 iv) 80c limit to be raised to 200000 v)interest on housing loan to be totally deducted from taxable income. vi) payment of principal amount on housing loan to get separate deduction from taxable income other than 80c. ambreesh misra
