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Rebate u/s 87a

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 March 2017 Hi

For FY 2016-17 AY 2017-18 , rebate from tax u/s 87A is Rs 5000/- if total income does not exceed Rs 5 lakh.

Is there any marginal relief available if income is just above Rs 500000/- say income is Rs 505000/- (Something similar to what is done in case of surcharge on income tax)

Please guide
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CA Gopal Somani

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CA Gopal Somani (Expert)
05 March 2017 No, Its not available.
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