Tīmeklis2024. gada 3. dec. · Now, from FY 2024-20 (A.Y. 2024-21), the individual taxpayers shall be allowed a rebate of income tax of maximum amount up to Rs. 12,500. … Tīmeklis2024. gada 14. dec. · Rebate u/s 87A for AY 2024-24. A tax rebate of Rs. 12,500 or an amount equal to the tax (whichever is lower) shall be allowed to individual falling under the limit given under Section 87A for AY 2024-24. whichever is lower, allowed as rebate amount u/s 87A for AY 2024-24. The tax rebate for AY 2024-24 has been kept the …
Income Tax Rebate u/s 87A - Learn by Quicko
TīmeklisCalculation of Rebate u/s 87A with FAQ & examples In Excel 7 0 RAJ KUMARI Sunday, August 16, 2015 2015-08-16T16:41:00+05:30 Edit this post Before going through the analysis of the provision ,the provision is reproduced hereunder.This deduction has been available from Fy 2013-1... Tīmeklis2024. gada 7. febr. · The rebate us/ 87A has now been revised to Rs 12,500 for FY 2024-20 / AY 2024-21. This means that if the total tax payable is lower than Rs 12,500, then that amount will be the rebate under section 87A. This rebate is applied to the total tax before adding the Education Cess (4%). switzerland lucerne boat goathard
Claim Tax Rebate Under Section 87A, Know Who Can Claim It
TīmeklisVideo topic:In this video I have discussed about Rebate u/s 87A, Income Tax rebate under section 87A, 87A rebate for ay 2024-23, Tax rebate under section 87A... TīmeklisPirms 2 dienām · The basic exemption limit has been hiked to Rs.3 lakh from Rs.2.5 earlier under the new income tax regime. The amount of rebate under Section 87A has been enhanced under the new tax regime to taxable income of Rs 7 lakh. The tax rebate was available for taxable income up to Rs 5 lakh in new tax regime till FY … TīmeklisLess: Rebate u/s 87A 12,500.00 12,500.00 25,000.00 Tax payable Nil Nil Nil : Conclusion: Rebate u/s 87A for FY 2024-24 is a beneficial provision for individual taxpayers with lower income levels. The maximum amount of rebate available under this section is Rs. 12,500 for old regime and Rs. 25000 for New Regime which can help … switzerland luxury car rental