₹12,75,000 Income = ZERO Tax | Section 87A Rebate Explained for AY 2026-27

Key Learning Points

Resident Exclusivity: The Section 87A benefit applies solely to Resident Individuals; HUFs, corporate entities, and NRIs are completely excluded.

The Threshold Trap: If your net taxable income exceeds the prescribed limit by even a single rupee, the entire rebate is forfeited, dropping straight to zero.

Standard Deduction Advantage: Salaried individuals can utilize the enhanced ₹75,000 Standard Deduction to bring a gross salary of ₹12,75,000 down to a taxable ₹12,00,000, qualifying for the maximum ₹60,000 rebate under the New Regime.

Capital Gains Exclusion: Special tax rate incomes under Section 111A (STCG at 20%) and Section 112A (LTCG) do not qualify for Section 87A rebate relief under the new framework.

Marginal Relief Provision: The law provides targeted marginal relief computations under specific conditions where the tax payable exceeds the income over ₹12,00,000.

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