Rebate u/s 87a


This query is : Resolved 

(Querist)
15 September 2017 Is rebate u/s 87a reduced to 2500/- for the A.Y. 2018-19

RAJA P M (Expert)
15 September 2017 Yes. You are exactly correct....

15 September 2017 If the GTI does not exceeds Rs3.5L than you will be eligible for 87A (earlier it was Rs.5L)

Kapil (Querist)
15 September 2017 what if gti crossed Rs. 3.5L ? is there any tax rebate ? or i need to pay full tax (i don't have any investment)

15 September 2017 If GTI crossed 3.5L than you will only get exemption of 2.5L i.e basic exemption


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