Rebate Under Sec 87a For Ay 2025 24. Rebate u/s 87A of Tax Act 87A Rebate for AY 202324 in Hindi YouTube Conclusion: Rebate under section 87A for AY 2025-26 However the rebate u/s 87A under New tax regime is applicable for Normal income but.
Rebate Under 87a of Tax Section 87a of Tax Act 87a Rebate for AY 202425 YouTube from www.youtube.com
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 rebate of 100 per cent of the amount of income-tax payable i.e., an individual having income till Rs 5 lakh is not required to pay any incometax. However the rebate u/s 87A under New tax regime is applicable for Normal income but.
Rebate Under 87a of Tax Section 87a of Tax Act 87a Rebate for AY 202425 YouTube
However the rebate u/s 87A under New tax regime is applicable for Normal income but. For FY 2024-25 and AY 2025-26, the higher threshold under the new tax regime makes it especially attractive for those with taxable incomes up to ₹7,00,000. 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 rebate of 100 per cent of the amount of income-tax payable i.e., an individual having income till Rs 5 lakh is not required to pay any incometax.
87a Rebate For Ay 2024 25 New Tax Regime Lucky Teresita. Section 87A serves as a crucial relief measure for individual taxpayers in India, significantly reducing their tax burden For FY: 2024-25 it is ₹12,500 under Old Regime and ₹25,000 under New Regime
Know new rebate under section 87A Budget 2023. The total taxable income after all deductions and exemptions, must not exceed the prescribed limit For FY 2024-25 and AY 2025-26, the higher threshold under the new tax regime makes it especially attractive for those with taxable incomes up to ₹7,00,000.