Income Tax Rebate 2024-25

Income Tax Rebate 2024-25. Individuals with a net taxable income of up to rs 5 lakh qualify for a tax rebate under section 87a, resulting in zero tax liability. An individual has to choose between new.

Income tax calculator is a useful tool to determine tax liability with respect to income tax slabs and deductions available. Section 194p of the income tax act, 1961 provides conditions.