How much rebate under section 87A for FY 2018-19

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How much rebate is eligible under section 87A for the FY2018-19.
Replies (3)

For net total income upto 3,50,000/- rebate is upto 2,500/-

Rebate u/s 87A is 2500 income after all deduction ie u/s 80C is before adding 4% education cess & health cess
total tax liability =
tax on total income at applicable rates. +

surcharge at applicable rates, if total income exceeds rs 50 lakhs +

Cess @ 4% (-)

rebate u/s 87A, if total income is less than rs 3.5 lakhs


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