Income tax rebate u/s 87A when total income exceeds 7 lacs

kailas (engineer) (69 Points)

29 March 2024  

For a non-resident Indian Individual, is rebate u/s 87A applicable for FY 2023-24?

Her income details are as below:

1. Income from other sources (equity shares dividend + interest income) = 689330

2. LTCG from shares = 826511

3. TDS for item-1 above = 70388

4. Advance tax paid = 6000

 

Since slab rate income is less than 7lacs, can she claim rebate? 

If not, what would be tax applicable?