Rebate u/s 87A available for a resident Individual (whose income does not exceed 12,00,000). The amount of rebate is 100% of income tax calculated before education cess or Rs 60,000 whichever is less i.e. no tax under new regime up-to Rs.12 lakhs of Income. Rebate u/s 87A continues under Old Regime for a resident individual (whose income does not exceed 5,00,000). The amount of rebate is 100% of income tax calculated before education cess or 12,500 whichever is less. Answer is 60,000/-