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Rebate u/s 87a

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

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

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

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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)
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
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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