Section 87A rebate allows resident individuals with income under specified limits to reduce their tax liability to zero, clarifying the “no tax” ...
Explains how Section 87A rebate applies only below fixed income limits, while the standard deduction continues to reduce ...
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Income Tax: What is rebate under 87A which enables taxpayers earning upto ₹12 lakh to claim zero tax? An explainer
In Budget 2025, Finance Minister Nirmala Sitharaman revised the income slabs under the new tax regime, thus offering relief to the middle-class taxpayers. Now, there is no income tax payable for those ...
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Claimed Section 87A tax rebate on STCG? Expect a tax demand notice from I-T dept; Here’s what you can do
On September 19, 2025, the Central Board of Direct Taxes (CBDT) via Circular No. 13 /2025 gave relief to taxpayers from paying interest on tax demand notices related to the Section 87A tax rebate for ...
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