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Rebate u/s 87A
it is must to be noted that even if it is the case of AY 17-18 ; assessee may not be eligible for section 87A as in Section 87A 'TOTAL INCOME' should be below 5,00,000 i.e. without giving effect to chapter VI-A of income tax act.
In A.Y. 2018-19 'Total Income' should not be more than 350000.
| Originally posted by : Anurag lohiya | ||
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it is must to be noted that even if it is the case of AY 17-18 ; assessee may not be eligible for section 87A as in Section 87A 'TOTAL INCOME' should be below 5,00,000 i.e. without giving effect to chapter VI-A of income tax act. |  |
Total Income Less Deductions (under Section 80) is equal to or less than Rs 3,50,000. Then you can claim Rebate Under Section 87A.
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