diff --git a/docs/CHANGELOG.md b/docs/CHANGELOG.md
index 1dbb8813d1..346bd2f447 100644
--- a/docs/CHANGELOG.md
+++ b/docs/CHANGELOG.md
@@ -18,6 +18,7 @@ The following tip changes can be tested by building VictoriaMetrics components f
 * SECURITY: upgrade Go builder from Go1.20.4 to Go1.21.0.
 * SECURITY: upgrade base docker image (Alpine) from 3.18.2 to 3.18.3. See [alpine 3.18.3 release notes](https://alpinelinux.org/posts/Alpine-3.15.10-3.16.7-3.17.5-3.18.3-released.html).
 
+* BUGFIX: [vmagent](https://docs.victoriametrics.com/vmagent.html): properly apply `if` filters during [relabeling](https://docs.victoriametrics.com/vmagent.html#relabeling-enhancements). Previously the `if` filter could improperly work. See [this issue](https://github.com/VictoriaMetrics/VictoriaMetrics/issues/4806) and [this pull request](https://github.com/VictoriaMetrics/VictoriaMetrics/pull/4816).
 * BUGFIX: [vmalert](https://docs.victoriametrics.com/vmalert.html): Properly form path to static assets in WEB UI if `http.pathPrefix` set. See [this issue](https://github.com/VictoriaMetrics/VictoriaMetrics/issues/4349).
 * BUGFIX: [vmalert](https://docs.victoriametrics.com/vmalert.html): Properly set datasource query params. See [this issue](https://github.com/VictoriaMetrics/VictoriaMetrics/issues/4340). Thanks to @gsakun for [the pull request](https://github.com/VictoriaMetrics/VictoriaMetrics/pull/4341).
 * BUGFIX: [vmalert](https://docs.victoriametrics.com/vmalert.html): properly return empty slices instead of nil for `/api/v1/rules` and `/api/v1/alerts` API handlers. See [this issue](https://github.com/VictoriaMetrics/VictoriaMetrics/issues/4221).
diff --git a/lib/promrelabel/relabel.go b/lib/promrelabel/relabel.go
index d9c2852d7c..1c9b9ba387 100644
--- a/lib/promrelabel/relabel.go
+++ b/lib/promrelabel/relabel.go
@@ -141,7 +141,7 @@ func FinalizeLabels(dst, src []prompbmarshal.Label) []prompbmarshal.Label {
 // See https://prometheus.io/docs/prometheus/latest/configuration/configuration/#relabel_config
 func (prc *parsedRelabelConfig) apply(labels []prompbmarshal.Label, labelsOffset int) []prompbmarshal.Label {
 	src := labels[labelsOffset:]
-	if prc.If != nil && !prc.If.Match(labels) {
+	if prc.If != nil && !prc.If.Match(src) {
 		if prc.Action == "keep" {
 			// Drop the target on `if` mismatch for `action: keep`
 			return labels[:labelsOffset]