A Budget less on Micro economics and more on Macro economics - Ms. Debadutta Upadhyaya - Co-founder, Timesaverz.com

Reduction of Income tax rate from 10% to 5% for individuals in income bracket 2.5 lacs to 5 lacs is an incentive for honest tax paying individuals. Compensated with surcharge of 10% on Individuals for whose annual income is Rs.50 lacs to 1 crore - Super rich definition has been widened.

25% corporate tax rate for MSME's with 50 crore turnover, - Indian Companies to benefit. Not much for Big players.

Government to cut or eliminate excise duty on manufacturing of micro ATMs, finger print readers, biometric cards and PIN cards and further, import duty may also be reduced on components used in the manufacturing - Good move which would pave way for E commerce start ups to explore and expend less on these machines to go DIGITAL".

Source : Equity Bulls

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