Rebate U/S 87a For Ay 2024-22. The effect of reduced rebate 87a would be as under: Amendment to finance bill 2023 scrapped the indexation benefit on debt mutual funds.
With a reduction of tax rate to 5% (in place of existing 10%), the government has reduced the rebate u/s 87a to rs. 5% tax rate for income up to rs.
Thus, After Considering Deduction Available Under Section 80C,.
Amendment to finance bill 2023 scrapped the indexation benefit on debt mutual funds.
The Effect Of Reduced Rebate 87A Would Be As Under:
70 lacs to the income of the assessee company on the basis of the statement recorded u/s.
However No Changes Has Been Made In The Rebate For Those Not Opting New.
Images References :
For Normal Taxpayers, It's Not That Important To Know.
However no changes has been made in the rebate for those not opting new.
7 Lakhs Under New Tax Regime.
In case of tax payers, having total income up to rs.
70 Lacs To The Income Of The Assessee Company On The Basis Of The Statement Recorded U/S.
