section 87a

As per section 87A of the Income tax act, 1961, a resident individual is eligible for income tax rebate if their taxable income does not exceed 5,00,000 rupees in the financial year 2023-24 (assessment year 2024-25). This means, being a resident individual, if your taxable income after eligible tax deduction is Rs 5,00,000 or below it, then you can claim income tax rebate … [Read more...] about Who can claim income tax rebate under section 87A