Income Tax 87a Rebate Ay 2024-24. The union budget for fy24 introduced marginal tax relief in the new tax regime. The total income eligible for rebate under section 87a has increased from inr 5,00,000 to inr 7,00,000 for taxpayers opting for the new tax regime.
Rebate under section 87a applicable: 5,00,000 can claim a tax rebate u/s 87a.
7 Lakhs In New Tax Regime.
Tax rebate up to rs.12,500 is applicable for resident individuals if the total income does not exceed rs.
It Allows You To Claim The Refund If Your Yearly Income Does Not Exceed.
7,00,000 under the new tax regime.
Rebate Under Section 87A Applicable:
Images References :
It Allows You To Claim The Refund If Your Yearly Income Does Not Exceed.
In this post, let us understand :
For The New Tax Regime, Rebate Under Section 87A Is Available To Resident Individuals Whose Total Income During The Previous Year Does Not Exceed Rs.
Tax rebate under section 87a of the income tax act is the final reduction from your tax.