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

Tax Rebate U/S 87a For Ay 2024-25. If your total tax payable is below these limits, you. Claim tax rebate under section 87a (only when the income does not exceed 5 lakhs).

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: As we all are aware that, there is an amendment under section 87a i.e rebate of income tax which is meant for assessee being an individual resident in india.