Rebate u/s 87(a)

This query is : Resolved 

24 March 2014 How man rebates is allowed u/s 87(a) ????

Can any salaried employee can claim this???

24 March 2014 Only Individuals having taxable income less than Rs 5 lacs are eligible for tax rebate of Rs 2000 under the said section.

24 March 2014 This rebate will be applicable from AY 2014-15 onwards

24 March 2014 Yes it is applicable from AY 2014-15 onwards.


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