Union Budget 2016: Income tax slabs to remain unchanged

Meanwhile, ceiling of tax rebate for tax payers with up to Rs 5 lakh annual income is proposed to be raised to Rs 5,000 from Rs 2,000 currently. This relief will Rs 3,000 per annum which will benefit 1 crore tax payers.

By BT Online  
Monday, February 29, 2016

Finance minister Arun Jaitley on Monday kept the income tax slabs unchanged for the next fiscal year in Union Budget 2016-17.

Meanwhile, ceiling of tax rebate for tax payers with up to Rs 5 lakh annual income is proposed to be raised to Rs 5,000 from Rs 2,000 currently.

This relief will Rs 3,000 per annum which will benefit 1 crore tax payers.

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