Rebate Under Sec 87a For Ay 2024-24. Under the new tax regime, if an individual’s taxable income exceeds ₹ 7 lakh by just ₹ 10, they lose the rebate of ₹ 25,000 under section 87a. Increased rebate under section 87a:
Section 87a rebate is an income tax provision that allows taxpayers to lower their tax liability. Individuals having total taxable income of up.
The Rebate Under Section 87A Has Been Doubled To ₹25,000 For Qualifying Individuals.
Individuals having total taxable income of up.
7 Lakhs In New Tax Regime.
Section 87a rebate is an income tax provision that allows taxpayers to lower their tax liability.
A Resident Individual (Whose Net Income Does Not Exceed Rs.
Images References :
Increased Rebate Under Section 87A:
12,500 for resident individuals with taxable income up to rs.