Rebate Under Section 87a Under New Regime. How much rebate can be claimed under section 87a? 12,500 is allowed for f.y 2019.
Rebate can be availed of total tax liability or inr 12,500 whichever is lower. 25,000 (taxable income within rs.
The Tax Slabs Were Revised, The Rebate Under Section 87A.
Rebate under section 87a is allowed only to individuals that have taxable income under specified limit.
An Individual Can Claim A Tax Rebate Us 87A Provided He Or She Meets The Following Conditions:
So you can claim sec 87a rebate of rs 25,000 under the new tax regime and rs 12,500 under the old tax.
Under This Regime, If You Are A Resident.
Images References :
The Union Minister Of Finance Nirmala Sitharaman Emphasised On Seven Priorities Of Union.
12,500 is allowed for f.y 2019.
While The New Income Tax Regime Was Introduced In Fy21, The Union Budget For Fy24 Revived It.
How much rebate can be claimed under section 87a?
Tax Rebate Under Section 87A Is Available For Both Old And New Tax Regimes For Financial Year 2021.