Section 87a Of Income Tax Act Ay 2024-25. Under section 87a, the maximum rebate limit is rs. Section 87a was introduced in income tax act through the finance act, 2003.
Resident individuals are also eligible for a rebate of up to 100% of income tax subject to a maximum limit depending on tax regimes as under: Section 87a rebate is an income tax provision that allows taxpayers to lower their tax liability.