Section 87a Of Income Tax Act Ay 2024-25

Section 87a Of Income Tax Act Ay 2024-25. 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. Resident individuals with a net taxable income less than or equal to inr.

Income tax rebate under section 87a of income tax act 1961 provides a rebate from income tax up to rs. Under the provisions of section 87a of the act, an assessee, being an individual resident in india, having total income not exceeding rs 5 lakh, is provided a.