The tax rebate for tax in 2023-24 under Section 87A has been modified. Any individual with a total taxable income below up to Rs.7.00 lakhs is eligible for tax relief of Rs. 25000. However, the relief under Section 87A under the old tax regime remains the same, i.e., Rs. 12500/- for individuals with taxable income up to Rs. 5.00 lakhs.