Direct Tax Code (DTC) : The tax rates and slabs have been modified.

Direct Tax Code (DTC) : The tax rates and slabs have been modified. The proposed rates and slabs are as follows: 
Annual Income Tax Slab

... Up-to INR 200,000 (for senior citizens 250,000)                                                     Nil

Between INR 200,000 to 500,000                                                                              10%

Between INR 500,000 to 1,000,000                                                                          20%

Above INR 1,000,00                                                                                                    30%


http://incometaxreturnindia.in/New_Indian_Direct_Tax_Code_DTC_2010.htm