Tax Rebate 2024 Trending News. After the revised tax structure under the new tax regime, the refund received has been decreased by rs 5,000 due to latest proposed tax slabs. Any increase in tax rebate under the new direct tax regime is unlikely in the interim union budget, which will be announced on february 1, a senior finance ministry.

The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs 17,500 in taxes under the new regime. In an effort to encourage water conservation, the city of georgetown is now accepting applications for water rebates from residents.