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Rebate
who can enjoy the benefit of rebate.. I mean the limit of GTI
Replies (1)
As per the the Finance Bill 2017, an Indian resident earning upto Rs 3,50,000/per annum, is entitled to claim rebate under section 87A. (Applicable from AY 2018-19.)
Rebate under section 87A is allowed up to a maximum of Rs 2,500. It means the amount of rebate will be lower of either Rs 2,500 or 100% of the income-tax liability.
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