2024

Section 87a Of Income Tax Act Ay 2024-25

Section 87a Of Income Tax Act Ay 2024-25. Tax rebate under section 87a before 5th july 2024 is available on total income up to ₹7 lakh including special rate incomes. Section 87a was introduced in income tax act through the finance act, 2003.


Section 87a Of Income Tax Act Ay 2024-25

Your income tax burden is reduced to zero as a result of collecting this refund. Under this regime, if you are a resident individual whose taxable income is up to inr 7,00,000, then you can avail of tax relief worth inr 25,000.

Section 87a Of Income Tax Act Ay 2024-25 Images References :