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Rebate u/s 87A - Upto ₹ 2000

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, whose total income does not exceed 5 Lakh rupees in Financial Year 2014-15. Further rebate is also available for all the years succeeding A.Y. 2015-16 on compliance of conditions unless specifically withdrawn. Key points: Amended Section 87A is applicable .....

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