Tax
Section 87A Rebate Kya Hai? — Matlab, Definition & Example
Definition
Section 87A ek rebate hai jo specified income limit tak ke taxpayers ko milti hai. New Regime mein ₹12 lakh tak income pe zero tax (₹60,000 rebate).
💡 Real Example
Income of ₹12 lakh under New Regime: calculated tax is ₹60,000 minus ₹60,000 rebate = zero tax payable.
🇬🇧 English Mein (Section 87A Rebate)
Section 87A provides a rebate (direct tax reduction) for taxpayers with total income up to a specified limit. Under New Regime (FY 2025-26): rebate up to ₹60,000 for income up to ₹12 lakh. Under Old Regime: rebate up to ₹12,500 for income up to ₹5 lakh. This effectively makes income up to ₹12 lakh tax-free under New Regime.
❓ Common Questions
Section 87A Rebate kya hai simple words mein?
Section 87A ek rebate hai jo specified income limit tak ke taxpayers ko milti hai. New Regime mein ₹12 lakh tak income pe zero tax (₹60,000 rebate).
Section 87A Rebate ka ek example do?
Income of ₹12 lakh under New Regime: calculated tax is ₹60,000 minus ₹60,000 rebate = zero tax payable.
Section 87A Rebate ko English mein kya kehte hain?
English mein ise Section 87A Rebate kehte hain. Section 87A provides a rebate (direct tax reduction) for taxpayers with total income up to a specified limit. Under New Regime (FY 2025-26): rebate up to ₹60,000 for income up to ₹12 lakh. Under Old R