Rebate and Reliefs Rebate Under Section 87A

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The Tax Publishers Rebate Under Section 87A An assessee, being an individual resident in India shall be entitled to relief under section 87A from the amount of income-tax (as computed before allowing the deductions under Chapter VII) on his total income with which he is chargeable for any assessment year, of an amount equal to hundred per cent. of such income-tax or an amount of twelve thousand five hundred rupees, whichever is less provided his total income does not exceed Rs. 5,00,000. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

Rebate Under Section 87A

An assessee, being an individual resident in India shall be entitled to relief under section 87A from the amount of income-tax (as computed before allowing the deductions under Chapter VII) on his total income with which he is chargeable for any assessment year, of an amount equal to hundred per cent. of such income-tax or an amount of twelve thousand five hundred rupees, whichever is less provided his total income does not exceed Rs. 5,00,000.