Income tax rebate U/s 87A with Auto Calculate Income Tax preparation software in Excel for the Govt and Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25

87a

Income tax rebate U/s 87A | In 2013-14, the Government of India introduced a rebate U/s 87A. Therefore, This deduction helps in reducing the taxpayer’s income tax. It is a benefit provided by the government to provide incentives and relief to certain categories of taxpayers. In other words, In Budget 2023, the government has announced that anyone who opts for the new tax regime and has a taxable income of Rs. 7 defaults will get a tax deduction of Rs.25, 000. (Amendment 20 will take effect on April 1, 2023.) You may also like- Download and Prepare…