Chennai: A marginal increase in tax exemption limit, housing loan rebate and investment limit for claiming tax exemptions is all what Finance Minister Arun Jaitley has proposed for the middle class tax-payers in his budget for 2014-15.

Stressing that he is not proposing any change in the tax rate, Jaitley said: "However, with a view to provide relief to small and marginal tax-payers and senior citizens, I propose to increase personal income tax exemption limit by Rs.50,000, that is, from Rs.200,000 to Rs.250,000 in the case of individual tax-payers who are below the age of 60 years."