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(Querist)
11 May 2017 as per finance act 17, rebate u/s 87A is 2500 for individuals whose income doesnt exceeding 350000 . does that mean that for those people whose income is above 350000 but below 500000 can claim 5000 as rebate ?
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
11 May 2017 No its means amout reduced from 5000/- to 2500/- and also limit for claiming rebate reduced from Rs.500000/- to Rs.350000/-. You can claim rebate of Rs.2500/- only if Income is less than Rs.350000/-
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binisha ravindran

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binisha ravindran (Querist)
11 May 2017 thank you ma'am.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
11 May 2017 Pleasure is all mine.
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Guest

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Guest (Expert)
12 May 2017 NO it will be wrong interpretation. it simply means that individual having income more than 3.5 lacs are not eligible for rebate.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
12 May 2017 This interpretation is to make her undersatnd only.
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@VaibhavJ

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@VaibhavJ (Expert)
12 May 2017 refer https://www.simpletaxindia.net/2017/02/calculation-of-rebate-us-87a-after.html for more info..

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@VaibhavJ
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Guest

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Guest (Expert)
12 May 2017 Rashmi mam i was talking about interpretation of querist..not your's..
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