Rebate Under Section 87a For Ay 2024-25. Section 87a rebate is an income tax provision that allows taxpayers to lower their tax liability. Marginal relief under section 87a of income tax act, 1961 for new tax regime u/s 115bac (1a) presently, rebate is allowed u/s 87a of rs.
Rebate under section 87a of the income tax act helps taxpayers to reduce their tax liability. The higher tax rebate of rs 25,000 in new tax regime is.