This Qn is related to Sec 87A and 80TTB. For the Very Senior Citizen pertaining to the Assessment Year 2019-20 WHAT IS THE QUANTUM OF REBATE ALLOWED under the above sections ?
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Sec 87a and 80ttb
Replies (4)
we can claima tax rebate u/s.87 A when net taxable income below 350000 after all vi A deduction for all.
and
80ttb is only for senior citi., only
maximum 50000 in sb and u/s.194a interest
and
80ttb is only for senior citi., only
maximum 50000 in sb and u/s.194a interest
Mr..M.Rahuman, Thank you for the reply. Vaguely I remember that for the Financial year 2018-19 (Assessment Year (2019-20)
for the very senior citizen, 87A rebate has been raised to Rs.12500,when Sri. Piyush Goyal was submitting the Interim Budget. Can you please correct me if I am wrong.
Thank you.
12500 rebate applicable from fy 2019-20(assessment year 2020-21). piyush announced this in 2019 budget, all provision of 2019 finance act applicable from fy 2019-20
12500 rebate applicable from fy 2019-20(assessment year 2020-21). FM Piyush Goyal announced this in 2019 intrim budget, all provision of 2019 finance act applicable from fy 2019-20
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