Rebate Under Section 87a For Ay 2024-24. Under the new tax regime, if an individual’s taxable income exceeds ₹ 7 lakh by just ₹ 10, they lose the rebate of ₹ 25,000 under section 87a. For the new tax regime, rebate under section 87a is available to resident individuals whose total income during the previous year does not exceed rs.


Rebate Under Section 87a For Ay 2024-24

Under this regime, if you are a resident. Currently, section 87a allows individuals to claim a tax rebate of rs 12,500 under the old tax regime and rs 25,000 under the new tax regime.

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