new delhi in some relief to general tax payers finance minister pranab mukherjee today enhanced the tax exemption limit by rs 20000 to rs 180 lakh gave additional benefits to senior citizens but excluded women from additional sops while proposing to raise the income tax limit to rs 180 lakh for general tax payers and rs 25 lakh for senior citizens the minister in his budget proposals for 201112 has lowered the age for senior citizens to 60 years from 65 years now besides a new category of very senior citizens of 80 years and above has been introduced with no tax on their income upto rs five lakh for general tax payers the measure will result in a uniform tax relief of rs 2000 mukherjee said senior citizens will get tax exemption for income up to rs 25 lakh higher from rs 24 lakh now the general tax payers will have to pay 10 per cent tax on income between rs 18 lakh and rs 5 lakh 20 per cent between rs 5 lakh and rs 8 lakh and 30 per cent on income above rs 8 lakh how much will you save in tax during fy 201112 here is a looknote we have considered section 80c benefit of rs 1 lakh and rs 20000 benefit if invested in infrastructure bonds your actual tax amountoutgo may vary depending on the components of your income