Rebate 87a For Ay 2024-25

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Rebate 87a For Ay 2024-25

Rebate 87a For Ay 2024-25. A resident individual (whose net income does not exceed rs. Now that you understand what exactly tax rebate is, let’s jump to our ‘main topic’ as to how.


Rebate 87a For Ay 2024-25

Tax rebate u/s 87a (inr 12,500 or tax payable whichever is lower) 5000. As per section 87a, the tax rebate only applies if the total taxable income is less than the prescribed limit.

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