Good News finally from the Budget of this year. our FM has reduced the tax we are paying by Rs.44000/- for people earning above Rs.5 Lakhs. The snippet on Income tax .., I propose to make some changes in the slabs for personal income tax. I propose to increase the threshold limit of exemption: In the case of all assesses, from Rs. 1,10,000 to Rs. 1,50,000, thus giving every assessee a relief at a minimum of Rs.4000/- Consequently, the four slabs and rates will be as follows: Upto Rs.1,50,000 - NIL 1,50,000 to 3,00,000 - 10% tax 3,00,000 to 5,00,000 - 20% tax Above 5,00,000 - 30% tax. Women Assessee - 1,45,000 to 1,80,000 -Minimum slab. Senior citizen - 1,85,000 to 2,25,000 - Minimum slab. The Income tax for almost everyone has been decreased at least to some extent after the budget. Here comes the bad news for short term traders/Speculators.(Investors?) Dividends that are distributed attract a tax of 15%. Short term capital gains attract a tax of 10% under Section111A. There is meri