Tax Rebate U/S 87a For Ay 2024-25. Rebate under section 87a applicable: Individuals having total taxable income of up.
In budget 2023, rebate under new regime has been increased to rs. Resident individuals under existing tax regime.
Tax Rebate Up To Rs.12,500 Is Applicable For Resident Individuals If The Total Income Does Not Exceed Rs.
This means a resident individual with taxable income up to rs 7,00,000 will receive rs 25,000 or the amount of tax payable (whichever is lower).
In Budget 2023, Rebate Under New Regime Has Been Increased To Rs.
7,00,000 under the new tax regime.
Revised Rebate Under New Income Tax Regime:
Images References :
It Is For The New Tax Regime.
To make the new tax regime more attractive, the rebate under section 87a has been hiked to rs 25,000 for taxable income up to rs 7 lakh.
Tax Rebate Up To Rs.12,500 Is Applicable For Resident Individuals If The Total Income Does Not Exceed Rs.
In budget 2023, rebate under new regime has been increased to rs.
Resident Individuals Under Existing Tax Regime.
