evidence: Salaried class has got something to cheer with Finance Minister Arun Jaitley on Thursday raising tax exemption limit to Rs. 2.5 lakh from Rs. 2 lakh, providing a relief of Rs 5,000. "I propose not to make any changes in the tax rate. However, with the view to provide relief to small and marginal and senior citizen, I propose to increase the personal income tax exemption limit by Rs. 50,000 from Rs. 2 lakh to Rs. 2.50 lakh in case of all individual tax payer who are below the ago of 60 years," he said while presenting budget for 2014-15 in the Parliament. [...] Thus, tax on income from Rs. 2.5 lakh to Rs. 5 lakh is retained at 10 per cent, up to Rs. 10 lakh at 20 per cent and above Rs. 10 lakh at 30 per cent.