Rebate u/s.87A

It is applicable w.e.f. F.Y. 2016-17 (A.Y. 2017-18)

Hai Ramya,

The Rebate amount of 5000 is applicable from F.Y.2016-17 i.e. from 01/04/2016.

Pls Check on the Below Link.

https://abcaus.in/incometax/section87A-rebate-availability-fy-201617-ay-201718-budget-2016-17.H T M L

Have a fIne day.

Hi Ramya

In finance bill it is mentioned that it is w.e.f. from 1.4.2017 it means from Assessment Year 2017-18 (financial year 2016-17)

Law makers always talk in terms of assessment year. 1.4.2017 means assessment year 2017-18 i.e financial year 2016-17.

Yes,It is applicable from the AY 2017-18.