Rebate U/S 87a For Fy 2024-24. This article explores marginal relief in the new tax regime and how it benefits small taxpayers. Therefore, a resident with taxable income up to rs 7,00,000 will get rs 25,000 or the.
The union budget for fy24 introduced marginal tax relief in the new tax regime. 7 lakhs, and a maximum surcharge of 25%.
Budget 2023 Announced That Individuals Will Not Have To Pay Any Tax If The Taxable Income Does Not Exceed Rs 7 Lakh In A Financial Year.
7,00,000 under the new tax regime.
Do Note That This Marginal.
Income level for rebate eligibility ₹5 lakhs ₹7 lakhs:
Individuals With Net Taxable Income Up To Rs 5 Lakh Will Be Eligible For Tax Rebate U/S 87A In Both New And Old/Existing Tax Regimes.
Images References :
Individuals With Net Taxable Income Up To Rs 5 Lakh Will Be Eligible For Tax Rebate U/S 87A In Both New And Old/Existing Tax Regimes.
This article explores marginal relief in the new tax regime and how it benefits small taxpayers.
7 Lakhs, And A Maximum Surcharge Of 25%.
Tax rebate u/s 87a for ay.