Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch
Income tax rebate u/s 87A: Eligible taxpayers who have income up to Rs 5 lakh/7 lakh can claim tax rebate under section 87A up to Rs 12,500/25,000. The Income Tax Dept has now updated the excel utility to allow 87A tax rebate claims. "The updated excel utilities for ITR Forms 2 and 3 to exercise the option to update rebate u/s 87A for AY 2024-25 are now available."

Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch

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I am a creative and detail-oriented individual with a passion for writing, particularly in crafting news and stories that inform and engage readers. Writing allows me to explore diverse topics, break down complex ideas, and communicate them clearly to a wide audience. Staying informed about current events and sharing impactful narratives is something I deeply enjoy.

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