Tax Rebate U/s 87a For Ay 2024-23. To make the new tax regime more attractive, the rebate under section 87a has been hiked to rs 25,000 for taxable income up to rs 7 lakh. In budget 2023, rebate under new regime has been increased to rs.

To make the new tax regime more attractive, the rebate under section 87a has been hiked to rs 25,000 for taxable income up to rs 7 lakh. 5,00,000) can avail rebate under section 87a.