Rebate and refund at same time

198 views 3 replies
If my Taxable income is rs 5,00,000

then i am liable for rebate

can i get the tds refund which is cut in the financial year

can i get both rebate and refund both??
Replies (3)

@ Nini,

Rebate as per Section 87A: For AY 2020-21 (FY 2019-20) is INR 12,500 and your Total Income should be INR 5,00,000.

Yes, you can take the benefit of TDS and rebate at the same time.

Thank you sir
@ Ms.Nini

See you can claim benefit of rebate under sec 87A because your income is upto 500000/- and this rebate means it reduce your tax libility if any upto
Rs.12500 or
Tax amount whichever is lower

And second TDS is also help you to pay your liability.
since your liability become nil because of rebate benefit then all TDS will be refunded to you.

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