Tax Rebate U/S 87a For Fy 2024-24

Tax Rebate U/S 87a For Fy 2024-24. Claim tax rebate under section 87a (only when the income does not exceed 5 lakhs). A resident individual with taxable income up to rs 7,00,000 will receive a tax rebate upto rs 25,000 tax.

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.