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Rebate u/s 87A - Resident Individuals - Where total income does not exceed 3.5 Lakh (earlier 5 Lakh)

Income Tax - Exemptions and Deductions - 04 - Sec. 87A - REBATE OF INCOME TAX IN CASE OF CERTAIN INDIVIDUALS Finance Act 2013 has introduced the rebate U/s. 87A Rebate U/s. 87A is available to Resident Individuals for A.Y. 2015-16/ FY 2014-15, and on .....

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Section 87A is applicable from 1st April, 2014 and will, accordingly, apply in relation to the assessment year 2014-15 and subsequent assessment years. Rebate is available only to Resident individuals and not available to Non Residents If the total t .....

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