https://www.taxtmi.com/manuals?id=893 Rebate of income tax is available to resident individuals under the old and new regimes, subject to income thresholds and specified limits. Under the old regime, the rebate is the lower of 100% of tax payable or Rs. 12,500 where total income does not exceed Rs. 5,00,000. Under the new regime, where total income does not exceed Rs. 12,00,000, the rebate is the lower of 100% of tax payable or Rs. 60,000, with marginal relief available where income slightly exceeds the threshold and tax payable is greater than the excess over the threshold. en-us Fri, 07 Aug 2015 16:08:00 +0530 Sat, 13 Jun 2026 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=893 Rebate of income tax is available to resident individuals under the old and new regimes, subject to income thresholds and specified limits. Under the old regime, the rebate is the lower of 100% of tax payable or Rs. 12,500 where total income does not exceed Rs. 5,00,000. Under the new regime, where total income does not exceed Rs. 12,00,000, the rebate is the lower of 100% of tax payable or Rs. 60,000, with marginal relief available where income slightly exceeds the threshold and tax payable is greater than the excess over the threshold. Manuals Income Tax Fri, 07 Aug 2015 16:08:00 +0530 https://www.taxtmi.com/manuals?id=893