The Union Budget 2004-05 has hiked income tax exemption limit to Rs 1 lakh but imposed a 2 per cent education cess on all central taxes. There is no change in interest rates on small savings schemes. Government has targetted for 7 to 8 % GDP growth and to eliminate Revenue deficit by 2008-09. For more click following links

....Full Budget in just 12 clicks
....Budget Highlights
....Visit our Special Section on Indian Budget
....Economic Survey 2003-2004