Αποτελέσματα Αναζήτησης
21 Οκτ 2024 · Tax rebate is a relief for individuals to avoid income tax burden if income is below a certain threshold. The rebate is up to Rs. 7 lakh in the new tax regime and up to Rs. 5 lakh in the old regime. Steps, limits, and calculations under Section 87A are discussed.
1 ημέρα πριν · Individuals with net taxable income less than or equal to Rs 5 lakh will be eligible for tax rebate u/s 87A under the old tax regime, i.e. tax liability will be NIL. Important Points to note if you select the new tax regime:
9) Is there any difference in tax rebate under section 87A in old and new tax regime? In the old tax regime in case of a resident individual, whose total income does not exceed Rs. 5,00,000/- there is rebate of 100 percent of income tax subject to a maximum of Rs. 12,500/.
20 Αυγ 2022 · Learn about the provisions of rebates and reliefs under the Income Tax Act in Chapter 8. Discover how these deductions can reduce your tax liability.
26 Σεπ 2024 · Section 87A of the Income Tax Act serves as a valuable tax relief provision for individual taxpayers in India. Designed to ease the financial burden on low-income earners, this section offers a rebate to individuals with a total taxable income of up to ₹5 lakh under the old regime and ₹7 lakh under the new tax regime.
18 Ιουλ 2024 · Recent change in ITR utility for rebate u/s 87A has caused confusion and concerns among taxpayers and professionals. Last date to file ITR for FY 2023-24 is 31st July 2024. But recently there has been a drastic change in income tax portal. You can see the date of release of latest version of utility has been recently updated.
22 Ιουλ 2024 · As per Section 87A of the Income Tax Act, 1961 which provides a rebate upto rupees 25,000 in case the income of an individual taxpayer is less than rupees 7 lakh under the new taxation regime, which result in no taxation on individual till the income of rupees 7 lakh.
