Student
3986 Points
Joined July 2018
1. Yes, you will be eligible for rebate u/s 87A of Rs. 2500 if the taxable income is less than Rs. 350,000.
2. Rebate will be applicable income up to Rs. 350,000. In your case tax liability for the FY 2018-19 in relation to salary would be Rs. 2600.
3. TDS shall be deducted u/s 192 will be Rs. 2600. However, since the year itself got over and salary would have already been paid. I don't find any reason for the deduction of TDS now. If salary previous year's salary is paid during this year it will be treated as arrears salary.
Please correct me if the above solution has an alternative view.