Rebate In New Tax Regime 2024-25

Rebate In New Tax Regime 2024-25. The slab rates in the new tax regime have been changed. Under the old tax regime, a maximum rs 12,500 rebate was given if the taxable income did not exceed rs 5 lakh.

By taxconcept january 9, 2024. Section 115bac of the income tax act, introduced in the union budget 2020, offers a new tax regime with lower tax rates and reduced deductions.