Have income above Rs 3 lakh? Pay zero tax if your income is up to this limit, thanks to rebate under section 87A

Income tax rebate: Under section 87A you can get a maximum tax rebate of Rs 12,500 under the old tax regime and up to Rs 25,000 under the new tax regime. However this rebate is only available if your income is upto a specified limit. Read to find out more about income tax rebate.