Day: September 30, 2025

Income Tax Rebate Under Section 87A With Automatic Income Tax Preparation Excel-Based Software All-in-One for the Government and Non-Government Employees for F.Y. 2025-26

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Understanding Section 87A Rebate in Income Tax The Income Tax rebate under Section 87A is a significant relief for individuals with lower income levels in India. Introduced to ease the financial burden on taxpayers, this provision allows eligible individuals to reduce their tax liability by a specified amount. Unlike exemptions that lower taxable income, this rebate directly cuts down the income tax payable. For F.Y. 2025-26, Section 87A ensures that resident individuals within certain income thresholds can effectively reduce or even nullify their income tax liability, thereby helping them save…