Income Tax Rebate 2024-25. The new tax income tax slabs in the new tax regime will be effective from april 1,2024 once the budget is passed by parliament and receives presidential assent. 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.


Income Tax Rebate 2024-25

The rebate is now applicable to individuals and hufs with taxable income exceeding rs. The above calculator is only to enable public to have a quick and an easy access to basic tax calculation and does not purport to give correct tax calculation in all.

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