* Corporate surcharge to be reduced from 12% to 7% * No settlement will be done in case of I. Tax Raid as all the amount will be confiscated by department * Tax deduction limit increased from 10% to 14% on employers contribution to NPS of Centre & state government employees. * There is no Change in Income Tax Slabs for Individual, HUF, Firms, Companies etc. * Tax Rate on Co-operative Societies has been reduced from existing 18% to 15% * Now Long Term Capital Gain Tax will be caped at 15% * Introduced tax @ 30% on income from Crypto currency and also 1% tds levied. * Surcharge on cooperative Societies also reduced to 12% * Relief for Taxpayers that they can file updated ITR within two year of relevant assessment year as it will reduce unnecessary litigation. * Income tax relief for parents of handicapped person * Tax benefits for Start-ups extended till 31.03.2023