Is there any difference in tax rebate under section 87A in old and new tax regime?

Ans. In the old tax regime in case of a resident individual, whose total income does not exceed Rs. 5,00,000/- there is rebate of 100 percent of income tax subject to a maximum of Rs. 12,500/-. In the new tax regime, the rebate is increased to Rs. 25,000/- or 100 percent of income tax where the total income does not exceed Rs. 7,00,000/-.