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marginal relief
whether marginal relief is available in case of rebate under section 87A.
Replies (1)
Rebate u/s 87A is applicable to Resident Individual whose Total Income is less than or equal to Rs. 5,00,000.
Rebate shall be Minimum of two :-
- Tax liability; or
- Rs. 5,000
whereas, Marginal Relief is applicable to the assesee whose Income exceeds Rs. 1 crore.
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