https://www.taxtmi.com/manuals?id=4028 Rebate under section 87A applies to resident individuals with total income up to the specified threshold and is limited to offsetting income tax subject to a statutory cap. The rebate is unavailable to non-residents, HUFs, AOPs, BOIs and companies. Under the new tax regime an increased rebate cap applies for resident individuals opting into it, and a marginal relief mechanism allows a limited rebate where total income exceeds the new-regime threshold, measured by the difference between tax payable and the excess of income over that threshold. en-us Fri, 22 Dec 2023 16:38:00 +0530 Fri, 05 Jan 2024 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4028 Rebate under section 87A applies to resident individuals with total income up to the specified threshold and is limited to offsetting income tax subject to a statutory cap. The rebate is unavailable to non-residents, HUFs, AOPs, BOIs and companies. Under the new tax regime an increased rebate cap applies for resident individuals opting into it, and a marginal relief mechanism allows a limited rebate where total income exceeds the new-regime threshold, measured by the difference between tax payable and the excess of income over that threshold. Manuals Income Tax Fri, 22 Dec 2023 16:38:00 +0530 https://www.taxtmi.com/manuals?id=4028