February 20, 2026 08:54 am (IST)

Make this your homepage

All Finance

PM Modi warns ‘AI must not control humans’ as India unveils bold tech vision at AI Impact Summit 2026 | Former South Korean President Yoon Suk Yeol sentenced to life over failed martial law bid | Tata Group joins hands with OpenAI in massive AI push to transform India and global industries | Epstein Files row: Bill Gates to skip keynote address at AI Summit 2026 | AI Impact Summit: Google launches game-changing America-India Connect plan with $15 billion backing | AI takes centre stage as Modi meets Google CEO Sundar Pichai in Delhi | G7 Spotlight: Emmanuel Macron invites Narendra Modi for 2026 Summit | AI Summit embarrassment! Galgotias University asked to vacate stall after ‘own robot’ exposed as China’s Unitree Go2 | Actor Rajpal Yadav granted interim bail in ₹9-crore cheque bounce case | Learn AI or become redundant: Microsoft India President issues stark message

Budget Highlights: Jaitley raises tax rebate

India Blooms News Service | | Feb 29, 2016, at 06:18 pm

#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

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.

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.

India
International

Related Images

Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm

Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am

In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm