Rebate under new and old regime for fy 2024-2025
This query is : Resolved
ARUN GUPTA
(Querist)
27 July 2024
Will I get rebate in income tax return both under new and old regime? What is the exempted income both under new and old tax regime system? Pl clarify in details?
Dhirajlal Rambhia
(Expert)
27 July 2024
1. Basic limit 2.50 L in Old & 3 L in New regime.
2. with rebate 5 lakhs in Old & 7 lakhs in New.
2. with rebate 5 lakhs in Old & 7 lakhs in New.
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