Tax Rebate U/S 87a For Ay 2024-25. If your total income does not exceed rs 7 lakh under the new tax regime or rs 5 lakh under the old tax regime, you can claim the rebate. Section 87a of the income tax act grants a tax rebate to.

Getty images even if your total income is below rs 7 lakh no tax rebate u/s 87a will be given in case this happens. This rebate is applicable to individuals.