Tax Rebate under Section 87A in Old & New Tax Regime
Tax Rebate under Section 87A is Rs. 12,500 and Rs. 25,000 under old and new tax regime for taxable income Rs. 5 lakh and Rs. 7 lakh respectively..
tax rebate u/s 87A
How to Calculate Income Tax in India? [EXAMPLES]
How to calculate income tax india.. For income of Rs 8 Lacs, income tax will be Rs. 65,000 – Old Tax Regime and Rs. 46,800 – new tax regime using calculator