87a Rebate For Ay 2024-24. The amount of tax rebate has doubled to rs 25,000 from rs 12,500. From the current income level of rs 5 lakh to rs 7 lakh.
No tax if income is up to rs 7.5 lakh. The tax rebate under section 87a hiked to taxable income level of rs 7 lakh from rs 5 lakh.
7,00,000 Under The New Tax Regime Are Eligible For A Rebate Of Rs.
From the current income level of rs 5 lakh to rs 7 lakh.
Under This Regime, If You Are A Resident.
Budget feb 1, 2023 (income tax slab updates) 1) income tax exemption limit increased from rs 2.5 lakh to rs 3 lakh.
Excess Of Tax Over Income Earned Above 7,00,000:
Images References :
Thus, Individuals Opting For The.
From the current income level of rs 5 lakh to rs 7 lakh.
7 Lakhs In New Tax Regime.
In case the computed tax payable is less than rs 12,500, say rs 10,000.
5,00,000) Can Avail Rebate Under Section 87A.