Standard deduction hiked
Under the new tax regime, standard deduction for salaried employees has been hiked to ₹75,000 from ₹50,000. For family pensioners, it has been increased to ₹25,000 from ₹15,000.
Gold and silver get cheaper
Customs duty on gold and silver was reduced to 6% from the 15% earlier.
Buybacks to be taxed
Income received on share buybacks will now be taxed in the hands of recipients.
LTCG tax increased
Long-term capital gains (LTCG) tax rate has been increased to 12.5% from 10%. The exemption limit for LTCG increased to ₹1.25 lakh from ₹1 lakh.
STCG tax hiked
Short-term capital gains (STCG) tax for certain financial assets was increased to 20% from 15%.
Customs duty on mobiles phones and chargers reduced
Basic customs duty on mobile phones, mobile PCBA and mobile chargers has been reduced to 15% from the 20%.
STT increased on futures and options
Securities Transaction Tax (STT) on futures increased to 0.02% from 0.0125% and on options increased to 0.1% from 0.062%.