For tax year 2026-27, what rebate is available under the Income-tax Act, 2025, to a resident individual…
The rebate is 100% of income-tax payable or ₹ 12,500, whichever is lower. This is the rebate applicable outside the default regime when the resident individual's total…
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For tax year 2026-27, what rebate is available under the Income-tax Act, 2025, to a resident individual whose total income does not exceed ₹ 5,00,000 and who has opted out of the default tax regime?
Answer and explanation
Correct answer C
The rebate is 100% of income-tax payable or ₹ 12,500, whichever is lower. This is the rebate applicable outside the default regime when the resident individual's total income does not exceed ₹ 5,00,000.
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Maharashtra and Goa SET (MH SET)