New Tax Regime Vs Old Tax Regime: Though the old tax regime has been kept unchanged for FY24, the rebate under the new income tax regime was hiked to an income of Rs 7 lakh, compared with Rs 5 lakh earlier
If an individual has long term capital gains from equity shares, equity mutual funds and certain specified incomes, the individual cannot claim a tax rebate under section 87A., Personal Finance News, Times Now