Section 87a Of Income Tax Act Ay 2024-25

Section 87a Of Income Tax Act Ay 2024-25. Income tax rebate under section 87a of income tax act 1961 provides a rebate from income tax up to rs. Section 87a of the income tax act of 1961 provides a rebate on income tax to resident individual taxpayers.

As per section 87a of the income tax act, 1961 which provides a rebate upto rupees 25,000 in case the income of an individual taxpayer is less than rupees 7 lakh under. A new proviso inserted in section 87a by the finance act, 2023, w.e.f.