Rebate under section 87a

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 May 2015 Mr x has total income 165000 including casual income of 45000.Please suggest rebate under section 87A allowed or not.

09 May 2015 Yup Rebate will b allowed if NTA is less then Rs. 5 laks.

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 May 2015 In case of only casual income is less than 5 Lac than also rebate under section 87A allowed.

11 May 2015 the words used under sec 87A is " total income" so includes all heads of income and not only casual income.

http://taxguru.in/income-tax/availability-rebate-87a-fy-201415-ay-201516.html

check this for more details.


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