*Highlites of the Union Budget 2015-16

>Corporate tax was reduced to
25 percent over next four years
from existing 30 percent.

>Defence allocation for fiscal
2015-16 is 246727 crore rupees.

>100 percent tax deduction for
contribution to Swachh Bharat Fund.

>Service tax hiked by 14 percent.

>34699 crore rupees allocated
for MNREGA, which is highest
ever allocation to the
programme.

>AIIMS will be set up in five
states namely Jammu & Kashmir,
Punjab, Tamil Nadu, Himachal
Pradesh and Assam.

>By 2022 there is plan to
produce 175000 MW renewable
energy.

>1000 crore rupees more
allocated to Nirbhaya fund.

>Transport allowance increased
to 1600 rupees per month.

>Online excise & service tax
registrations in 2 working days.