Tax Rebate U/s 87a For Ay 2024-25. In india’s income tax realm, section 87a offers a substantial tax rebate to eligible taxpayers. Tax rebate under section 87a before 5th july 2024 is available on total income up to ₹7 lakh including special rate incomes.

A tax rebate is offered to the resident individual taxpayer₹ having taxable income of up to ₹7 lakhs under the section 87a of the income tax act, 1961. Income tax rebate under section 87a of income tax act 1961 provides a rebate from income tax up to rs.