Tax Rebate U/S 87a For Ay 2024-23

Tax Rebate U/S 87a For Ay 2024-23. A tax rebate reduces the tax amount. In old tax regime, tax rebate of up to rs 12,500 under section 87a is available.

Due to the tax rebate under section 87a individuals need not pay income tax if their taxable income does not exceed the specified level or limit. This is due to tax rebate under section of 87a of the income tax act.