Rebate U/S 87a Ay 2024-24. (3)rebate under section 87a, a resident individual whose net income does not exceed rs. 1) income tax exemption limit increased from rs 2.5 lakh to rs 3 lakh.

The budget 2023 made changes in the income tax slabs under the new tax regime. Since then, there has been confusion looming about.

2) Tax Rebate Under Section 87A Increased From Rs 5 Lakh To Rs 7 Lakh.

In budget 2023, the tax rebate for individuals has been increased to inr 25,000 which means individuals having taxable income up to inr 7,00,000 can claim.

The Rebate Under Section 87A Has Been Doubled To ₹25,000 For Qualifying Individuals.

To rebate u/s 87a which is now provided to the taxpayers under the new regime only.

Presently, Rebate Is Allowed U/S 87A Of Rs.

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Rebate Under Section 87A Applicable:

1) income tax exemption limit increased from rs 2.5 lakh to rs 3 lakh.

Earlier, The Rebate Under Section 87A Was Available For Taxable Income Up To Rs 5 Lakh In The New Tax Regime.

The eligibility criteria for claiming.

The Budget 2023 Made Changes In The Income Tax Slabs Under The New Tax Regime.