Finance Minister Pranab Mukherjee said the Direct Taxes Code (DTC), which will replace the Income Tax Act, is proposed to be implemented from April 1, 2012. In the DTC Bill, which was introduced in Parliament last year, the annual I-T exemption limit is proposed at 2 lakh rupees, compared to 1.6 lakh at present. Under the Bill, the government seeks to widen tax slabs to levy 10 per cent tax on income between 2 lakh and 5 lakh rupees, 20 per cent on 5 to 10 lakh rupees and 30 per cent above 10 lakh rupees. Currently, income up to 1.6 lakh rupees per annum is exempt from tax for individuals. For women and senior citizens, the limit is 1.9 lakh and 2.4 lakh, rupees respectively. The Finance Minister announced the two fold increase in the remuneration for Anganwadi workers from 15 hundred rupees per month to three thousand rupees per month and helpers and Safai Kararcharis from 750 to 1500 rupees per month. The Finance Minister also announced that the credit flow to the farmers will be raised from three lakh seventy five thousand crore rupees to four lakh seventy thousand crore rupees. He also announced that the farmers who repay their loans in time will be given an additional incentive by increasing the existing interest subvention from two per cent to three per cent. This means that these farmers will pay four per cent interest on the loans.