Section 87a Of Income Tax Act Ay 2024-25. To make the new tax regime more attractive, the rebate under section 87a has been hiked to rs 25,000 for taxable income up to rs 7 lakh. Resident individuals are also eligible for a rebate of up to 100% of income tax subject to a maximum limit depending on tax regimes as under:
Resident individuals are also eligible for a rebate of up to 100% of income tax subject to a maximum limit depending on tax regimes as under: Tax rebate under section 87a was same.
Understand Eligibility, Rebate Amounts, &Amp; The Filing Process To Reduce Your Tax Liability.
Section 87a of the income tax act of 1961 provides a rebate on income tax to resident individual taxpayers.
Income From โน12,00,001 To โน15,00,000:
The income tax rebate under section 87a offers tax relief to eligible resident indians.
Section 87a Of Income Tax Act Ay 2024-25 Images References :
Income From โน12,00,001 To โน15,00,000:
Section 87a of the income tax act specifies eligibility, guidelines, and rebates for qualified taxpayers.
Tax Rebate Under Section 87A Was Same.
Tax rebate under section 87a before 5th july 2024 is available on total income up to โน7 lakh including special rate incomes.