• AC restaurants serving liquor and AC hospitals with more than 25 beds under service tax. • Service tax on air travel to be increased. • Customs duty on raw silk reduced from 30 to 5 per cent. • Legal services to be expanded to business entities. • 20% export duty for iron ore. • Custom duty on Pet Coke and Gypsum to minimized to 2.5%. • No new tax exemption limit for women. • Mandatory levy of 10 pct on branded garments. • Budget estimates for 2011-12 projects- Rs 9,32,440 crore. • No change in Central excise duty rate. Base rate on excise duty raised from 4% to 5%. • Surcharge rate reduced from 7.5 percent to 5 percent for domestic companies. • Hike in exemption IT limit from Rs 1.6 lakh to Rs 1.8 lakh. • New series of coins with new rupee symbol expected. • Simplify tax collection procedure....
