87a Rebate For Ay 2024 25 New Tax Regime 2024. — marginal relief under section 87a of income tax act, 1961 for new tax regime u/s 115bac (1a) presently, rebate is allowed u/s 87a of rs. — as per the existing provisions, any indian resident individual whose income lies below rs 5,00,000 is eligible to claim a tax amount rebate under this section.
Under the new tax regime announced in union budget 2024, if a taxpayer’s annual earnings are. — income tax rebate under section 87a of income tax act 1961 provides a rebate from income tax up to rs.
