Is rebate u/s 87A of the Income Tax Act, 1961 available against special rate income
Section 87A is a tax relief provided to individuals, particularly those in the lower-income bracket to ensure that they are not burdened with income tax if their Total Income is below a threshold of Rs. 5,00,000 and Rs. 7,00,000 under old and new tax regime respectively. The latest Union Budget […]