Tax Rebate U/S 87a For Ay 2024-25 202425 Notification

Tax Rebate U/S 87a For Ay 2024-25 202425 Notification. In budget 2023, the tax rebate for individuals has been increased to inr 25,000 which means individuals having taxable income up to inr 7,00,000 can claim. The rebate amount is rs.

A tax rebate is offered to the resident individual taxpayer₹ having taxable income of up to ₹7 lakhs under the section 87a of the income tax act, 1961. 25,000 under the new tax regime.