Rebate Under Sec 87a For Ay 2025 24

Rebate Under Sec 87a For Ay 2025 24. Decoding Section 87A Rebate Provision Under Tax Act For FY 2024-25 and AY 2025-26, the higher threshold under the new tax regime makes it especially attractive for those with taxable incomes up to ₹7,00,000. The due date to file an original ITR for FY 2023-24 (AY 2024-25) was July 31, 2025

Sec 87a rebate New tax regime AY 2425 Rebate on Short term gain fy 2324 Rebate on Special
Sec 87a rebate New tax regime AY 2425 Rebate on Short term gain fy 2324 Rebate on Special from www.youtube.com

The Income Tax Department has recently updated the Excel utilities for ITR Forms 2 and 3, enabling taxpayers to claim the Section 87A rebate for the Financial Year 2023-24 (Assessment Year 2024-25). However the rebate u/s 87A under New tax regime is applicable for Normal income but.

Sec 87a rebate New tax regime AY 2425 Rebate on Short term gain fy 2324 Rebate on Special

FY 2023-24: AY 2024-25: 5,00,000 (OTR) 7,00,000 (NTR) 12,500 (OTR) 25,000 (NTR) OTR & NTR: FY 2024-25: Rebate u/s 87A for FY 2024-25 (AY 2025-26) The rebate under Section 87A is available to individual taxpayers whose income does not exceed the specified threshold. The extended deadline to file a belated or revised ITR for FY 2023-24 (AY 2024-25) was January 15, 2025.

Tax Sec 87A Amendment Rebate YouTube. However the rebate u/s 87A under New tax regime is applicable for Normal income but. The total taxable income after all deductions and exemptions, must not exceed the prescribed limit

Budget 2024 Electric Vehicle Rebate 87a Allie Andriette. The rebate under Section 87A varies depending on the tax regime you choose - old or new Section 87A Rebate Now Available for FY 2023-24 (AY 2024-25): Important Update for Taxpayers