87a Rebate For Ay 2024-24. The rebate under section 87a has been doubled to โน25,000 for qualifying individuals. 7,00,000 under the new tax regime.
1) 100% of tax payable. In the budget 2023 announcement, the rebate under section 87a has been hiked to rs.
What Is The Difference Between Income Tax Rebate Vs Tax Exemption Vs Tax Deduction?
Under the new tax regime, the rebate is available for inr 25,000 if the income of the individual does not exceed inr 7 lakhs.
A Resident Individual (Whose Net Income Does Not Exceed Rs.
The rebate under section 87a has been doubled to โน25,000 for qualifying individuals.
In This Post, Let Us Understand :
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Under The New Tax Regime, The Rebate Is Available For Inr 25,000 If The Income Of The Individual Does Not Exceed Inr 7 Lakhs.
7,00,000 or less then the assesse shall be eligible for rebate u/s 87a of.
From The Current Income Level Of Rs 5 Lakh To Rs 7 Lakh.
25000 for taxable income up to rs.
What Is The Difference Between Income Tax Rebate Vs Tax Exemption Vs Tax Deduction?
