Section 87A Rebate Explained: Can you claim Rs 12,500, Rs 25,000 or Rs 60,000 in Income Tax for FY24?
With the due date for filing income tax return (ITR) approaching, taxpayers are in a state of confusion regarding the rebate under Section 87A of the Income Tax Act. One of the main reasons for this is the last budget 2025 announcement, which had sought to raise the rebate to Rs 60,000. But, it does…