TMI BlogWhat is rebate under section 87A for F.Y 2023-24 and who can claim it?X X X X Extracts X X X X X X X X Extracts X X X X ..... t in India and whose total income does not exceed Rs. 5,00,000 is entitled to claim rebate under section 87A. Rebate under section 87A is available in the form of deduction from the tax liabili ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f an resident individual, who is opting for the new tax scheme under Section 115BAC(1A), is up to Rs. 7,00,000. Further, if the total income of the resident individual (opting section 115BAC(1A) excee ..... X X X X Extracts X X X X X X X X Extracts X X X X
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