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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Income Tax - Rebate u/s 87A - Benefit of full exemption from ...

Income Tax

February 2, 2023

Income Tax - Rebate u/s 87A - Benefit of full exemption from Income is extended where the total income is not exceeding Rs. 7 lakhs as computed under the New Tax Regime u/s 115BAC - For the old tax regime, the full tax exemption is limited to Rs. 5 lakhs only as earlier.

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