If taxable income (Old slab ) is more than 5 Lacks ( say 7 Lacks )
In above case can , rebate u/s 87 A
avail
For Example
Tax payable 52500
Less rebate 12500
Net tax payable 40000
Pl.guide in above case rebate allowable.
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Sec.87 A
Replies (3)
No, rebate is not allowed in above case.
Net tax liability remains Rs. 52,500/- only.
Ok.Thanks ,धन्यवाद
You are welcome...
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