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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.

BT Online        Last Updated: March 2, 2016  | 18:11 IST

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

WATCH VIDEO:FM Arun Jaitley reads Budget document

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. HIGHLIGHTS:Union Budget 2016

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

FULL COVERAGE:Union Budget 2016

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