Rebate U/S 87a For Ay 2024-25 Old Tax Regime. This rebate can only be claimed if the taxpayer’s taxable income does not. 12,500 under the old tax regime and rs.
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. Section 87a of the income tax act specifies eligibility, guidelines, and rebates for qualified taxpayers.
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