Rebate Under Section 87a For Ay 2024-24. The eligibility criteria for claiming. Section 87a rebate is an income tax provision that allows taxpayers to lower their tax liability.
25,000 is allowed under section 87a, if the total income of a resident individual, who is opting for the new tax. Earlier, the rebate under section 87a was available for taxable income up to rs 5 lakh in the new tax regime.
For Income Between ₹ 9.
Rebate under section 87a applicable:
How Is The 87A Rebate Calculated?
For this year, the financial year will be.
7,00,000 Under The New Tax Regime.
Images References :
The New Tax Regime Offers A.
It allows you to claim the refund if your yearly income does not exceed.
For This Year, The Financial Year Will Be.
1) income tax exemption limit increased from rs 2.5 lakh to rs 3 lakh.