Rebate u/s 87A

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1 Points Posted on 06 July 2020
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On 06 July 2020 at 20:02 Report
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This discussion clarifies the Section 87A rebate, which offers a tax rebate for individuals with income up to ₹5,00,000. The rebate is calculated as the lower of the actual tax payable or ₹12,500. Members are seeking guidance on the specific input cell within tax software where this rebate should be entered.

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Practice
4510 Points Posted on 06 July 2020
Originally posted by : Muhammed Althaf CA
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Properly Elaborate your query so that all  Reputed CA Club Member can give proper Opinion. 

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On 06 July 2020 at 20:04
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Chartered Accountant
821 Points Posted on 06 July 2020
Actual tax or 12500 whichever is less
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On 06 July 2020 at 20:18
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66 Points Posted on 07 July 2020
Lower of amount of tax or rs 12500, if income is upto rs 500000
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On 07 July 2020 at 18:11
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2 Points Posted on 02 September 2020
In which cell of this is inputed
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On 02 September 2020 at 17:43

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