Regarding Rebate of 87
RUDRA (Income & Corporate Tax Lawyer) (381 Points)
15 May 2023When I'm filing ITR of 23-24 then it's not giving me rebate of 25000.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160342 Points)
Replied 15 May 2023
The rebate of 25k will be applicable from next Assessment Year.
For AY 2023-24, max. rebate is Rs. 12,500/- which is not applicable in your case, as your income exceeds Rs. 5L.
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