Is rebate allowable for a.y. 2016-17 u/s 87a for individual

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 April 2016 Dear Sir/Madam
is Rebate 2000/- Allowable for A.Y. 2016-17 U/s 87A for Individual ? such as allow Rebate U/s 87A in A. Y 2015-16.

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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18 April 2016 Yes allowable in asst.yr. 2016-17.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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19 April 2016 Yes Rs. 2000/- is allowed u/s 87A if taxable income of person is below 5 Lacs for A.Y. 2016-17. It will go to Rs. 5000/- in A.Y. 2017-18.

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