Rebate U/S 87a Meaning. This rebate is available under section 87a. However if your total income is upto rs.
This is only available for individuals and not for members of. Today, the rebate under section 87a is for taxpayers with a total income of less than 5 lakh in a financial year.
The Maximum Rebate That Can Be Claimed U/S.
A tax rebate is a type of discount offered on your tax liability.
Section 87A Of The Income Tax Act, 1961 Was Introduced In Finance Act, 2013 And Was Further Amended.
An individual taxpayer who is resident of india for income tax purposes is entitled to claim a rebate of up to rs.
This Income Is Calculated After Chapter Via Deductions.
Images References :
A Tax Rebate Is A Type Of Discount Offered On Your Tax Liability.
As per finance act 2017, a.
Currently This Limit Stands At Rs.
An individual taxpayer who is resident of india for income tax purposes is entitled to claim a rebate of up to rs.
7,00,000 Under The New Tax Regime Then You Are Entitled To Get The Benefit Of Tax Rebate U/S 87A Of Rs.