The major highlights are as follows:

1.  Health and education will continue to be exempt
2. Telecom and financial services will be taxed at 18%
3. Transport services will be taxed at 5%
4. Restaurants with turnover of Rs.50 lakhs or below will be taxed at 5%
5. Non-AC restaurants @ 12% and AC Restaurants and those with liquor licences will be taxed at 18%
6. Race clubs, betting, cinema halls @ 28%