Tax Rebate U/S 87a For Ay 2024-25 In India. To make the new tax regime more attractive, the rebate under section 87a has been hiked to rs 25,000 for taxable income up to rs 7 lakh.  — under section 87a, taxpayers are entitled to a rebate of up to rs.

This rebate is applicable to individuals. When the income exceeds the threshold limit, the tax will.