Bangalore: The most awaited budget has brought out big changes this year, but very few for the salaried professionals in terms of personal tax structure. Some of these changes are minor but quite significant. All of us were expecting the tax limit to go up, but the budget didn’t accede to this wish, instead raised the basic exemption limit to 2 lakh. The Tax deduction under Section 80CCF was presented in the previous budget and what is offered in this budget is only the scrapped and revised portion. Let’s have a look at how much tax will you save post budget, reported by ET Bureau.

If you are a Male below 60 with an

- Annual income of 6 lakh, then you will have to pay a tax of 27,295 post budget which was 29,355 till date under section 80C, 80CCF and 80D, which is a positive decline of 7 percent.

- Annual income of 9 lakh, then you will have to pay a tax of 85,490 which was 87,550 till the budget.

- Annual income of 12 lakh, then after the budget your tax came down to 1,53,985 from 1,76,645, which is a decline of straight away of 12.8 percent.

- Annual income of 20 lakh, then your payable tax amount is 4,01,185 which was 4,23,845 till budget.

This means the high tax payers are clearly more benefitted with the revised tax exemption, not the middle and low earners. However, even in the best circumstances, the tax saved is less than 2 percent of the taxpayer's annual income.