Tax Rebate U/S 87a For Ay 2024-23. Before 5th july, the same utility and calculator were allowing rebate u/s 87a against the tax on short term capital gain on shares u/s 111a and other special rate incomes. The highest surcharge rate of 37% reduced to 25% in the new regime.
This issue is happening when itr utity is. No tax rebate is being given if you have sold mutual fund or shares and earned short term capital gains.