Tax Rebate 2024. | august 14, 2024 8:00 am. Resident individuals are also eligible for a rebate of up to 100% of income tax subject to a maximum limit depending on tax regimes as under:
For example, if you paid $425 in property taxes on. Resident individual taxpayers with a total income not exceeding rs 500,000 are eligible for a tax rebate of rs 12,500 or the actual tax payable, whichever is lower.