If Total Income is less than equal to 500000 then Rebate under 87A will be 12500
Here is the Excel Formula.
Lets say Total Income Cell is A4 and tax cell is A5.
formula, =if A4<=500000,MIN(A5,12500),0)
thankyou
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87a rebate excel formula for ay 2020-21
Replies (11)
it's not 500000 but it's 350000
w.e.f 1 April 2019, The Limit Is 500000
I agree with Mr.Shubham Singh.
| Originally posted by : rama krishnan | ||
 |
it's not 500000 but it's 350000 |  |
hi, shubam,
if(A4<=500000,MIN(A5,12500),0)
if a4=600000, a5=505000, formulae is not showing any difference, showing "0"
pl correct accoding its values.
sorry , working
For 87A REBATE CALCULATION KINDLY CHECK THIS FORMULA =if (A4<=500000,A5,12500)
Thank you
FOR 87A REBATE THIS FORMULA IS MORE APPROPRIATE
=IF(A4<=500000,MIN(A5,12500),0)
Is the formula still the same?
Can you Pelase post Excel File once more
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