Rebate u/s 87a in form 16 format

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shamkant (Querist)
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24 March 2015 Whether rebate u/s 87A has to be shown in Form 16 seperately. As the format of form 16 available on income tax site does not shown seperate rebate u/s 87A. Pls guide

R KALYANA SUNDARAM

R KALYANA SUNDARAM (Expert)
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24 March 2015 Please refer the below mentioned link

http://www.charteredclub.com/difference-bw-income-tax-rebate-vs-tax-deduction-vs-tax-exemption/

You can get conclusion with the above link already provided by CA Club. Rebate is different from Deductions and Exemptions, hence if the taxable limited to 5 lakhs we can apply this 87A section and can show separately in the form 16

Rupesh Jain

Rupesh Jain (Expert)
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24 March 2015 if it is not separately, then no problem if tax payable show after the rebate u/s 87A.

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Rebate u/s 87a in form 16 format

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