Rebate u/s 87a
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 March 2017
Hi
For FY 2016-17 AY 2017-18 , rebate from tax u/s 87A is Rs 5000/- if total income does not exceed Rs 5 lakh.
Is there any marginal relief available if income is just above Rs 500000/- say income is Rs 505000/- (Something similar to what is done in case of surcharge on income tax)
Please guide
For FY 2016-17 AY 2017-18 , rebate from tax u/s 87A is Rs 5000/- if total income does not exceed Rs 5 lakh.
Is there any marginal relief available if income is just above Rs 500000/- say income is Rs 505000/- (Something similar to what is done in case of surcharge on income tax)
Please guide
05 March 2017
No, Its not available.
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