{"id":71433,"date":"2026-03-24T15:25:26","date_gmt":"2026-03-24T09:55:26","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=71433"},"modified":"2026-06-17T11:31:19","modified_gmt":"2026-06-17T06:01:19","slug":"section-87a-income-tax-rebate-fy-2026-27","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/section-87a-income-tax-rebate-fy-2026-27\/","title":{"rendered":"Income Tax Rebate Under Section 87A: Complete Guide for FY 2026-27"},"content":{"rendered":"\n

The new Income Tax Act, 2025, will come into effect on 1 April 2026, replacing the Income Tax Act, 1961. Under this new act, the \u2018Assessment Year\u2019 and \u2018Previous Year’ are now replaced by \u2018Tax Year\u2019. But there has been no change in the rules of Section 87A rebates.<\/p>\n\n\n\n

 “Income tax rebate” is a benefit from the government in cases of reducing your total tax liability. It also allows you to pay zero income taxes. Section 87A Rebate is a major facility for middle-class and low-income earners. It helps to reduce the tax burden.<\/p>\n\n\n\n

Under the 2026 budget, the rebate structure remains unchanged for FY 2026-27. If your income is up to \u20b912 lakh, then you can get a maximum rebate of \u20b960,000. You must pay zero income taxes.<\/p>\n\n\n\n

This is very important for salaried employees. This facility helps them save a lot of money. Many people do not know they can avoid paying any tax at all by using the rebate.<\/p>\n\n\n\n

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