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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 onward. The specified limits are. Assessment Year Where Total income Does not Exceed Amount of Rebate 2014-15 to 2016-17 ₹ 5 Lakth ₹ 2000 2017-18 ₹ 5 Lakth ₹ 2500 2018-19 onward ₹ 3.5 Lakh ₹ 2500 Key points: Amended .....

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