August 25, 2026 05:10 am (IST)
Follow us:
Budget Highlights: Jaitley raises tax rebate
New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 said the ceiling for tax rebate is up by Rs 3000/-.
Ceiling of tax rebate for tax payers with up to Rs 5 lakh annual income is being raised to Rs 5000 from Rs 2000, said the Finance Minister.
He also gave relief to those who stay in rented houses.
He said tax rebate on rent is up from Rs. 24,000 to Rs. 60,000 per annum.
#Ceiling of tax rebate for tax payers with up to Rs 5 lakh annual income is being raised to Rs 5000 from Rs 2000
# said the Finance Minister. He also gave relief to those who stay in rented houses. He said tax rebate on rent is up from Rs. 24
#000 to Rs. 6
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Tata Power Renewables marks a major milestone with the commissioning of 190.5 MW FDRE project in Rajasthan. All details inside
Mon, Aug 24 2026
Samsung's big AI push in India: New Pune facility to power next-gen data centre cooling
Mon, Aug 24 2026
Best Indicators For Futures Trading
Mon, Aug 24 2026
China orders massive EV recall: Nearly 3 million Teslas among 4.3 million vehicles affected
Mon, Aug 24 2026
Yes Bank launches ‘YES Essence’ for women. How can you avail it?
Fri, Aug 21 2026
Aditya Birla Capital enters gold loans: What consumers should know
Fri, Aug 21 2026