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rebate under section 87A
how rebate calculated under section 87A? is this calculated on total income OR taxable income?
Replies (2)
Taxable income..
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
A) 100% of tax payable or
B) 2500
whichever is lower.
this rebate shall be reduced before adding education cess
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