Tax Rebate In Budget 2024. You used to receive a tax refund of rs 25,000 under section 87a of the new tax regime if your total taxable income was less than rs 7 lakh. Income tax slabs 2024 highlights:

Under the ctr, the eligibility of rebate was increased for income up to rs 7,00,000 in last year’s union budget. In a major relief to taxpayers, the finance minister in the union budget 2024 has introduced a new tax regime that allows individuals with income up to rs 7.75 lakh to pay zero tax.