Rebate u/s 87A

IF MY TAXABLE INCOME IS RS. 4,90,000 AND LTCG ON SHARES ARE RS. 15,000 FOR THE FY 2019-20

WHETHER I AM ELIGIBLE FOR REBATE OR NOT....?
Replies (1)
In order to claim rebate u/s 87A your total income before claiming any deductions should be below 5,00,000
Here in your case your total income comes around 5,05,000. Hence in this case rebate is not eligible.

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