87A REBATE inFY 2024-25
MINI K U (2 Points)
31 August 2024
Is 87A rebate is eligible for super senior citizen for the FY 2024-25? what is the limit of 87A rebate in FY 2024-25.
CA Anoop Kumar Sharma
(Accounts Manager)
(2053 Points)
Replied 31 August 2024
In the new tax regime, as per the Union Budget 2024, the rebate remains unchanged from the Union Budget 2023. For FY 2024-25 (AY 2025-26), the rebate limit continues to apply for income up to ₹7,00,000.
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