Finance Minister Arun Jaitley can do India, across the spectrum, a big favour today while presenting the Union Budget 2015 by giving clearance to 5 crying-need proposals.

Here they are:

1. Income Tax exemption level raised from Rs 4 lakh to Rs 5 lakh

2. 30% personal income tax to be levied at Rs 15 lakh and above income

3. 10-year tax holiday for manufacturing

4. Corporate tax rate cut from 30% to 25%

5. Retrospective amendments scrapped

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