This year’s Budget showered benefits on a vast majority of Indians. For most tax payers, a portion of the FM’s speech must have been music to the ears, when he said, “I propose to reduce the existing rate of taxation for individual assessees between incomes of Rs 2.5 lakh and Rs 5 lakh to 5 per cent from the present rate of 10 per cent. This would reduce the tax liability of all persons below Rs 5 lakh income either to zero (with rebate) or 50 per cent of their existing liability.” But, the benefits under the personal taxation ended right after this statement.