Tax Rebate U/S 87a For Ay 2024-24

Tax Rebate U/S 87a For Ay 2024-24. Due to the tax rebate under section 87a individuals need not pay income tax if their taxable income does not exceed the specified level or limit. Under this regime, if you are a resident.


Tax Rebate U/S 87a For Ay 2024-24

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. Under the old tax regime, this rebate is available for those with a total income up to rs 5.

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