Rebate u/s 87a

You're not eligible for rebate, as your total income is more than 3.5 lac.

YES, ELIGIBLE FOR REBATE 

Clear me one thing which income should be considered? Before deduction of 2.5 lac or after deduction of 2.5 lac

As my taxable income before deduction 2.5 is more than 3.5 lac while afer deduction 2.5 lac is not more than 3.5 lac

So please explain rebate u/s 87A

Originally posted by : AUKSHANI MATE
	Hello Sir I am tax payer for FY 2017-18. My taxable income is 356927 and if  250000 is reduced then Net taxable income is 106927. so I want to know whether I am eligible for rebate u/s 87A and if yes then how much rebate i can get

Your Calculation is Exactly Correct...

You can't claim Rebate U/s 87A. Bcoz, Your Income Exceeds above 3.5 Lakhs...

Your all deductions after Balance Rs. 356927... This value is exceeds the limits...

Then how could my advocate gave me rebate for the FY 2015-16 and 2016-17 even though my taxable income exceed 3.5 lac

Yeah...

In FY 2015-16 (Rs. 2500) & FY 2016-17 (Rs. 5000) are available If your Income less than 500000...

Now it's changed in the FY 2017-18

If your Total Income Less Deductions (under Section 80) is equal to or less than Rs 3,50,000 then you are eligible for rebate maximum upto 2500.

In your case  income exceeds 3,50,000 hence you are not eligible for rebate

Ok thank you so much everyone for your valuable suggestions