Rebate reduced to Rs 2500 under Section 87A

Last updated: 02 February 2017

The existing provisions of section 87A provide for a rebate up to Rs. 5000 from the income-tax payable to a resident individual if this total income does not exceed Rs. 5,00,000. � In view of proposed rationalisation of tax rates for individuals in the income slab of Rs. 2,50,000 to Rs.5,00,00

You have reached daily limit of 2 Free News. To view this or other News please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 2999/-

Offer Price : INR 1999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)

CCI Pro

Category Others   Report

Comment   Share
  3675 Views
Comments

Recent News :

  1. President Murmu Highlights GST 2.0 and Income Tax Reforms Delivered Big Relief to Middle Class
  2. Govt Amends LIC General Rules, Allows Reappointment for Up to Four Years
  3. Budget 2026-27: How GST Influences Fiscal Strategy and Federal Finances
  4. Halwa Ceremony Marks Final Phase of Union Budget 2026-27 Preparations
  5. Chartered Accountant Accused of Misusing Friend's GST Account, Rs 4.69 Crore Demand Raised
  6. GST Relief for Insurers: Bombay HC Stays Rs 10,000 Crore Tax Demand
  7. EU-India Free Trade Agreement Concluded: Biggest Trade Deal Ever
  8. GST Council Urged to Scrap Rs 7500 Threshold and Fix Single 5% Tax Across Hotels
  9. GST Enforcement Officer Caught Red-Handed Accepting Rs 3.5 Lakh Bribe
  10. Union Budget 2026: Small Businesses Urge GST Relief, Simpler Compliance

More »


Popular News




CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Trending Online Classes

view all classess

Follow us
budget 26-27

Browse by Category