As per the new tax regime, the income tax rebate limit has been increased from ₹5 lakhs to ₹7 lakhs.
The finance minister announced a new healthcare scheme, PM Atma Nirbhar Swasthya Bharat Yojana to develop primary, secondary and tertiary healthcare.
The government aims to boost some demand in the festive season.
The GST Council meeting mainly focuses on checking tax evasion and maximizing the revenue collection.
The Finance Minister says that the new tax rate would be applicable from the current financial year beginning from April 1.