I'm a Sr. Citizen, having a Taxable income of 593000, after exhausting STD. DEDUCTION, 80C, 80D, 80TTB. I'm not eligible for any other deduction, like 80E, 80G etc..
How much more can I save to bring down the Taxable income below 5L, in order to avail rebate u/s 87A, to save tax?
Sir, I don't know what is your age? And what are the income you earned this financial year.
As per Income tax, Senior citizens above the age of 60 years and below the age of 80 can avail rebate u/s 87A.
If you are NRI or HUF you can't avail this rebate.
Please let us know your issue exactly, I/we can give you a precise suggestions to you.
🙏 Thanks
CAclubindia
