Finance minister Pranab Mukherjee proposed to raise by Rs 10,000 the exemption limit for women on Income Tax. For all others, the limit was increased by Rs 10,000 from Rs 1,50,000 to Rs 1,60,000. Mukherjee presented the Union Budget for 2009-2010 at the Lok sabha on Monday. The finance minister also proposed to remove 10 per cent surcharge on personal income tax. http://business.rediff.com/money/2009/jul/06/budget09-i-t-exemption-limits-raised-by-rs-10000.htm WTF! Should have raised the limit to at least Rs.200000, if not more.