Union Budget 2015-16 Expectations Economy - Business Today
Union Finance Minister Arun Jaitley

The lowest slab will cover those in the Rs 3 lakh-Rs 10 lakh bracket and they will be charged 10 per cent. Earlier, the lowest slab extended up to Rs 5 lakh.

"We want to encourage our own MRO business and so we are looking at some tax sops and easy customs regulations in the 2015-16 budget," official sources said.
In the customary pre-Budget consultation with FM Arun Jaitley, industry demanded increase in public spending in the infra sector and expediting the reform process.