Deduction of Rs. 20,000 for subscription to investment in long term infrastructure bonds which will be notified by Central Government. This deduction will be over and above existing limit of Rs. 100,000 under section 80C, 80CCC and 80CCD. This will be effective from Assessment Year 2011-2012 onwards

Deduction for contribution to Central Government Health Scheme (CGHS) – Contribution made to CGHS for serving and retired Government servants allowed as deduction under section 80D within the present limits of Rs. 15,000 and Rs. 20,000 for senior citizens.

Enhancement of weighted deduction for in-house scientific research and development for corporate covered under section 35(2AB) – The quantum of claiming a weighted deduction on the expenditure incurred on in-house scientific research and development by corporate has been raised from 150% to 200% of such expenditure. This will be effective from Assessment Year 2011-12 onwards

Enhancement and extension of weighted deduction for payment made for scientific or social or statistical research
The quantum of claiming a weighted deduction on the payment made to an approved research association or college or university or institutions engaged in scientific research or research in social science or statistical research has been raised from 125% to 175% times of such payment. This will be effective from Assessment Year 2010-11 onwards

Exemption of income of approved association engaged in research of social or scientific research - The income of association engaged in engaged in research of social or statistical research are proposed to be made fully exempt from tax. Presently, only a scientific research association enjoys exemption. This will be effective from Assessment Year 2010-11 onwards

Investment linked Tax Incentive scheme to hotel industry – A deduction of 100% of capital expenditure (excluding land, goodwill, and financial instrument) has been proposed to incentivise hotel industry for building and operating a new hotel of two star or above category anywhere in India, which starts functioning after April1, 2010. This will be effective from Assessment Year 2011-12 onwards

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