For example, if a senior citizen has an income of Rs 11 lakh, they won’t have to pay income tax thanks to the Section 87A tax rebate under the new tax regime for FY 2025-26.

The Finance Act, 2025, clarified that the rebate under Section 87A is not available for income taxed at special rates.

The decision in the case of Miss Jayshreeben could impact individuals whose income falls below the ₹7 lakh threshold but ...

Those earning below Rs 7 lakh can claim Section 87A tax rebate for STCG income under new tax regime, rules ITAT Ahmedabad ...

Income Tax Bill 2025 brings key changes offering relief to salaried individuals, aiming to reduce tax burden and boost ...

Any gains from capital assets will attract LTCG and STCG taxes at a special rate irrespective of a salaried taxpayer’s income ...

The government has amended the Income Tax Act, 1961, to reinstate the Rs 75,000 standard deduction for salaried individuals ...

Section 87A rebate allows an salaried individual to not pay any tax for income up to Rs 12.75 lakh but this rebate is not ...

Several chartered accountants (CAs) across India have raised concerns over the Section 87A income tax rebate not being ...

CAs highlight no income tax rebate under Section 87A despite income below Rs 7 Lakh under new tax regime in this situation ...