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Is rebate under section 87A is applicable in New Tax Regime ???
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Rebate under Section 87A
Replies (6)
Quick Summary
Yes rebate u/s 87A is available under new regime
I think No rebate
Individuals having taxable income of up to Rs 5 lakh will be eligible for tax rebate under section 87A up to Rs 12,500, thereby making zero tax payable in the new tax regime.
Section 87A doesn't apply to new regime of tax slabs.
Yes rebate is available even if you chose new tag regime.
You can try to same using the tax calculator option also on income tax portal.
Yes rebate u/s 87A is available up to income of Rs. 5,00,000 in new regime.
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