Menu
rebate 87
What is rebate 87? And how much amount of rebate is available?
Replies (7)
a resident individual whose taxable income is less than or equal to 500000 can have a deduction of 5000 u/s 87 as rebate
means if his tax liability is 6000 he need to pay only 1000
Means to get rebate income must be Less than rs 500000?
absolutely. ...
Thanks
For which FY you are asking
FY 17-18 it is reduced to 2500 whose salary not greater than 3.5lacs
Recent Topic
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
Related Topics
CAclubindia
