Section 87A of Income-tax Act, provide for a rebate of an amount lower of:
1. Rs. 5000
2. Equal to hundred per cent of such income-tax
from the amount of income-tax to an individual resident and ordinary resident (ROR) in India
whose total income does not exceed Rs.5,00,000.
SIR
87A REBATE IS AVAILBLE FOR INCOME UP TO 5 LAC
THIS IS NOT AVAILBLE FOR SUPER SENIOUR CITIZEN
87A REBATE LIMIT IS 10% OF TAX AND MAX IS RS 5000
87 A AVAILBLE FOR INDIAN RESIDENT ONLY NOT FOR NRI
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