Rebate U/S 87a For Ay 2024-21

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Rebate U/S 87a For Ay 2024-21. Income up to rs 3 lakh attracts zero tax, rs 3 lakh to rs 6 lakh is taxed at 5% with a rebate under. Income tax rebate u/s 87a:


Rebate U/S 87a For Ay 2024-21

After the rebate, the tax liability of this individual becomes ‘nil’. Under the new tax regime, the tax rates are structured as follows:

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