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rebate under section 87A

uday pratap Singh (2 Points)

01 February 2018

how rebate calculated under section 87A? is this calculated on total income OR taxable income?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (162032 Points)
Replied 01 February 2018

Taxable income..

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jatin sojitra (Student CA Final ) (63 Points)
Replied 01 February 2018

rebate u/s 87A for resident individual having NET TAXABLE INCOME upto 350000 for the a.y. 2018-19.
A) 100% of tax payable or
B) 2500
whichever is lower.
this rebate shall be reduced before adding education cess

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rebate under section 87A

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