87a Rebate For Ay 2024 25 New Tax Regime

87a Rebate For Ay 2024 25 New Tax Regime. Under the old regime, a rebate under section 87a is allowed on income up to ₹5 lakh. For instance, if you’ve opted for the old tax regime, the maximum amount of rebate under section 87a of the income tax act is limited to ₹12,500.

Section 87a rebate is an income tax provision that allows taxpayers to lower their tax liability. 25,000 or 100% of the tax.