Section 87a Of Income Tax Act Ay 2024-25. Rebate u/s 87a of the income tax act provides tax relief to taxpayers whose total income does not exceed a specified limit. Section 87a rebate does not allow in old regime if your income go above 5,00,000.

It allows you to claim the refund if your yearly income does not exceed. After filing your itr, you can claim a tax rebate under section 87a.