Tax Rebate U/s 87a For Ay 2024-24. You used to receive a tax refund of rs 25,000 under section 87a of the new tax regime if your total taxable income was less than rs 7 lakh. There was no tax on your salary till.

According to your article, tax rabate under section 87 a is available to individual, huf, association of person (aop), boi & artificial jurisdictional person who. Income tax rebate under section 87a of income tax act 1961 provides a rebate from income tax up to rs.