Any TDS rebate for this financial year

This discussion explores potential TDS (Tax Deducted at Source) rebates for employees in the current financial year. While a £50,000 rebate was available for FY 2019-20, the situation for FY 2020-21 depends on the chosen tax scheme (old or new). Under the old scheme, the £50,000 standard deduction may still apply, and Section 87A offers a rebate of up to £12,500 for incomes within £500,000, though no specific TDS relaxations have been announced for salary as of yet.