While there is no revision in slabs, the Budget addresses several long-standing concerns of middle-class taxpayers through targeted relief measures, including a reduction in TCS rates, and the introduction of new dividend-related deductions

The Centre will impose additional excise duty on tobacco products and a health cess on pan masala from February 1, replacing the existing GST compensation cess regime. They will also have to disclose with excise authorities the number of machines and their capacities and can also claim abatement in excise duty