Has Budget 2024 hiked income tax rebate under section 87A in old tax regime, new tax regime?

Section 87A tax rebate in Budget 2024: Due to tax rebate under Section 87A individuals need not pay income tax if their taxable income does not exceed the specified level or limit. Currently, section 87A of the income tax law allows individuals to claim a tax rebate of Rs 12,500 under the old tax regime and Rs 25,000 under the new tax regime.
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