Rebate 87A FY 2020-21
This query is : Resolved
Quick Summary
05 August 2021
Dear Sir,
My net profit Rs.569000/- in which I have deposit RS. 80000/- IN PPF account now Taxable income is Rs.489000/- Can I eligible for rebate 87A Rs.12500/- today I have visited to service provider to fill itr but my services provided told me you have to pay Rs.13000 income tax.
Please suggest its correct.
My net profit Rs.569000/- in which I have deposit RS. 80000/- IN PPF account now Taxable income is Rs.489000/- Can I eligible for rebate 87A Rs.12500/- today I have visited to service provider to fill itr but my services provided told me you have to pay Rs.13000 income tax.
Please suggest its correct.
CA R SEETHARAMAN
(Expert)
05 August 2021
87A rebate of 12500 not available for you.
06 August 2021
No need to pay being eligible for 87A.
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