– Corporate tax rate cut for domestic companies and new domestic manufacturing companies. The tax rate will be 22 percent without exemptions.

– Effective corporate tax rate after surcharge to be 25.17 percent.

– To attract investment in manufacturing, local companies incorporated after October will pay tax at the rate of 15 percent.

– Effective tax for new companies shall be 17.01 percent, including cess and surcharge.

– Companies enjoying tax holidays can avail concessional rates after the exemption period.

– Minimum alternate tax (MAT) reduced to 15 percent from 18.5 percent for companies continuing to avail exemptions and incentives.

– Enhanced surcharge to not apply to capital gains by foreign portfolio investors (FPIs).

– Buyback tax on listed companies that had announced buybacks before July 5 exempted from taxation.

– Revenue foregone for reduction on corporate tax and other measures pegged at Rs 1.45 lakh crore per year.