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Rebate u/s 87-a for the ay 19-20

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(Querist)
20 May 2019 What should be the net taxable income to claim rebate u/s 87-A for the Ay 2019-20 ? I have heard upto Rs 5,00,000 rebate u/s 87-A can be claimed for the Ay 19-20. Is it correct ?
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
21 May 2019 For the ay 2019-20 can be claimed upto 3.50 lacs.
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TARIQUE RIZVI

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TARIQUE RIZVI (Querist)
21 May 2019 If by the way taxable income exceeds Rs. 3,50,000, whether no rebate u/s 87-A can be claimed ?
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
29 May 2019 No rebate after taxable income crosses Rs 350000.
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