Earlier, if the net income of an individual was up to Rs 5 lakhs, the government will refund the income tax taken from them in the form on income tax rebate. Now, this limit has been increased to Rs 7 lakhs. This means that when you file your ITR, if your income comes down to Rs 7 lakhs or less, you will get complete tax rebate and the government will refund the income tax deducted from your salary, if any.