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Tax rebate threshold increased, expanding eligibility and raising the maximum rebate amount under section 87A law. Amendment to section 87A increases the income threshold for rebate eligibility to five hundred thousand and raises the maximum rebate to twelve thousand five hundred, substituting the prior figures and thereby expanding taxpayer eligibility and the rebate benefit under the Income-tax Act.
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<h1>Tax rebate threshold increased, expanding eligibility and raising the maximum rebate amount under section 87A law.</h1> Amendment to section 87A increases the income threshold for rebate eligibility to five hundred thousand and raises the maximum rebate to twelve thousand five hundred, substituting the prior figures and thereby expanding taxpayer eligibility and the rebate benefit under the Income-tax Act.
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