Menu
Rebate under new sheme
what is the limit of income to be eligible for a rebate And what is The rebate amount under the new scheme of income tax act
Replies (1)
For the FY 2023-2024 (AY 2024-2025), the prescribed Income and rebate are as follows:
|
Tax Regime |
Taxable Income
|
Rebate
|
|
New Tax Regime |
Upto 7,00,000/- |
Upto 25,000/- |
|
Old Tax Regime |
Upto 5,00,000/- |
Upto 12,500/- |
For FY 2024-25. i.e. AY 2025-26.... No change under old regime, but for new Tax regime sec. 87A will get amended to maximun Rs. 20.000/-
Recent Threads
- Parent buying property for major child
- Get EU driving license help
- LIC maturity amount filing missed
- Advice on income tax
- E filing thr net banking for AY2025-26
- PROPERTY REPORTING IN ITR
- F&o profit or loss can show a government emplo
- Tax Query for FY 2024-25
- ITR Offline JSON Utility not showing saved drafts
- Incometax port8 not working
Related Threads
CAclubindia
