Yes, whose taxable income be upto 5 lakhs.
IF INCOME AFTER ALL DEDUCTIONS > 5L => NO REBATE!
If the income is say below Rs 5 lakhs (only income from other sources /all bank FD interest only )
& no claim for any deductions under 80C, these Rebate we have to claim under certain heads or applied upfront deducted by the system
R P S K & Associates
Nashik
CA Inter
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SSGS and Associates
Chennai
CA Inter
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Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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