Tax Rebate Us 87a For Fy 2025 24 . Tax Rebate Under Section 87A How It Avail, Eligibility Notably, no marginal relief is available if total income exceeds Rs 500,000, unlike the tax rebate under the new tax regime from AY 2024-25. The rebate amount to be allowed under Section 87A of income tax would change according to the tax regime and the financial year
Tax Rebate U/S 87a For Ay 202425 In India Stefa from doreyyvirgie.pages.dev
There is no change in the scope of rebate for those who file under the new regime in FY 2024-25 (AY 2025-26) Click here for Applicable Income Tax Slab For FY 2023-24
Tax Rebate U/S 87a For Ay 202425 In India Stefa Rebate u/s 87A provides a tax rebate to individual taxpayers, reducing their tax liability if their income falls within specified threshold. Last date to file ITR for FY 2023-24 is 31st July 2024 The rebate amount to be allowed under Section 87A of income tax would change according to the tax regime and the financial year
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Section 87A New Rebate 87A of tax in budget 2023 Tax Save under Section 87 A Budget . The rebate amount to be allowed under Section 87A of income tax would change according to the tax regime and the financial year Recent change in ITR utility for rebate u/s 87A has caused confusion and concerns among taxpayers and professionals.
Tax Rebate u s 87a For FY 202223 and FY 20232024 . The concept of marginal relief ensures that the additional tax payable on income exceeding ₹7,00,000 under the new tax regime does not exceed the actual income exceeding the rebate threshold. For new regime from FY 2025-26 (AY 2026-27) onwards, the rebate is applicable only for tax computed as per slabs and not for any special rate taxes