87a Rebate For Ay 2024 25 New Tax Regime. Individuals having total taxable income of up to rs 5 lakh are eligible for tax rebate under section 87a of up to rs 12,500, thereby making zero tax payable in the old and new. 5.00 lacs for the old tax regime and within rs.7.00 lacs for the new tax regime.

To make the new tax regime more attractive, the rebate under section 87a has been hiked to rs 25,000 for taxable income up to rs 7 lakh. This issue is happening when itr utity is.