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Rebate u/s 87a related

Tax queries 263 views 7 replies
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Proprietor
52 Points Posted on 14 December 2019

i have filed my income tax return showing head of income as follws

long term capital gain exempt  rs 8350/-

income from other sources rs 375000/-

deduction chapter VI-A   rs 26000/-

as i am eligbal for Rebate U/s 87A of Rs 2500/-

Kindly INform Us

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On 14 December 2019 at 11:25 Report
Replies (7)
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student
294 Points Posted on 14 December 2019

Yes, as taxable income below Rs. 3,50,000/-

14 Reply
On 14 December 2019 at 12:20
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17264 Points Posted on 16 December 2019
Have you filed through portal Excel utility
Or may be any other software.

The rebate 87A is auto considered and in ITR filed by you , it must have been reflected also.

ITR should be showing 87A rebate of Rs 2500/-
101 Reply
On 16 December 2019 at 12:25
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92 Points Posted on 18 December 2019
Rebate available to resident individual if total income exceed 500000


amount of rebate = income tax payable or rs 12500 whichever is less.

(as per new amendment)
1 Reply
On 18 December 2019 at 09:11
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17264 Points Posted on 18 December 2019
..🖕....total income does not exceed 500000. ( Nava sudhara mujab)
Hemangi - check kari lesho
101 Reply
On 18 December 2019 at 09:27
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92 Points Posted on 18 December 2019
Up to 5 lack.
if individual having total income up to 5 lack will not ne required to pay any tax.
1 Reply
On 18 December 2019 at 09:32
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17264 Points Posted on 18 December 2019
Right.

But total income above 5 lakhs --- No rebate at all
101 Reply
On 18 December 2019 at 10:23
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92 Points Posted on 18 December 2019
Yes i agree with you
1 Reply
On 18 December 2019 at 10:27


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