§ 87A
Rebate & Relief
Rebate for resident individuals
Income-tax Act, 1961
Gives a rebate that makes income up to ₹5 lakh tax-free under the old regime, and up to ₹7 lakh under the new regime (raised to ₹12 lakh from FY 2025-26 by the Finance Act, 2025).
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.