Rebate Under Sec 87a For Ay 2024-24. To make the new tax regime more attractive, the rebate under section 87a has been hiked to rs 25,000 for taxable income up to rs 7 lakh. Tax rebate under section 87a.

Resident individuals with a net taxable income less than or equal to inr. Under the provisions of section 87a of the act, an assessee, being an individual resident in india, having total income not exceeding rs 5 lakh, is provided a.