Rebate U/S 87a Under Old Regime. Section 87a of the income tax act was introduced in 2013 to provide relief to taxpayers. Budget 2023 announced that individuals will not have to pay any tax if the taxable income does not exceed rs 7 lakh in a financial year.
Get to your total income after the reduction in tax. 25,000 (taxable income within rs.
Taxpayers Aged 80 Years And Above, I.e.
Individuals having taxable income of up.
So You Can Claim Sec 87A Rebate Of Rs 25,000 Under The New Tax Regime And Rs 12,500 Under The Old Tax.
This tax rebate will be automatically taken into account at.
Under Both The Old Tax Regime And New Tax Regime, The Amount Of The Tax Refund Under Section Under Section 87A For This Year Has Been Kept Unchanged.
Images References :
However, Under Both The Old And New Income Tax Regimes, There Is No Change In.
Individuals having taxable income of up.
So You Can Claim Sec 87A Rebate Of Rs 25,000 Under The New Tax Regime And Rs 12,500 Under The Old Tax.
