Yes, whose taxable income be upto 5 lakhs.
IF INCOME AFTER ALL DEDUCTIONS > 5L => NO REBATE!
If the income is say below Rs 5 lakhs (only income from other sources /all bank FD interest only )
& no claim for any deductions under 80C, these Rebate we have to claim under certain heads or applied upfront deducted by the system
CAclubindia
