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Income Tax: Why You Might Not Get Tax Rebate Under Section 87A Even If Your Income Is Below ₹7 Lakh
The Indian government introduced a tax rebate under Section 87A to help people with lower incomes pay less or no tax. This rebate is available under both the old and new tax regimes, but the rules ...
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Budget 2025: Why the rebate under Section 87A is groundbreaker for taxpayers. Here's what it means
Budget 2025: Last week, Finance Minister Nirmala Sitharaman announced that there will be no taxes on normal income up to Rs 12 lakh starting from the financial year 2025-26 under the New Tax Regime.
The Central Board of Direct Taxes (CBDT) has issued a new circular clarifying the treatment of Section 87A rebates claimed against income taxed at special rates, such as short-term capital gains (STCG ...
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