Finance Minsiter Arun Jaitley introduced Union Budget 2015-16. It was a budget for corporates as corporate tax reduced from 30% to 25%. Further decreased custom duty on raw materials. Tax benefit on hiring on employees base also widened.
There was nothing for middle class. Service tax increased from 12.36% to 16%. 80C limit and Tax slabs remained unchanged. Although tax benefits under 80D increased but that's for health insurance. Health insurance is not so popular and people in middle class don't avail policy of Rs.20,000 per annum.