Finance Minister Arun Jaitley on Wednesday tabled the General Budget 2017-18 in the Parliament and here we bring for you the tax benefit takeaways from the new budget.

• 5% tax instead of current 10% for income of Rs 2.5 lakhs to 5 lakhs
• One page I-T return form for individuals with less than Rs 5 lakh income
• After rebates, zero tax liability for people with annual income of Rs 3lakhs.
• Surcharge of 10% for those whose annual income is Rs 50 lakh to 1 crore
• 15% surcharge on incomes above Rs 1 crore to continue