Income tax slab budget 2017

Rs. 2,500/- rebate u/s 87A

YES IT IS THERE.

BUT THE EXEMPTION LIMITS HAVE BEEN KEPT UNCHANGED.

2.5 LACS FOR NORMAL PEOPLE AND THREE LACS FOR SENIOR CITIZENS.

Originally posted by : Deepak Kumar
	sir pls explain

1) Suppose your total income is 3 lakh

2) Upto 2.5 lakh - No tax

3) Above 2.5 lakh - 5% of 50000 i.e 2500 income tax

4) As per Rule u/s 87A you will get rebate of 2500

5) Therefore you need not to pay tax of 2500 

 for detail read more at Income Tax Slab FY 2017-18 (AY 2017-18)