87A
This query is : Resolved
11 March 2017
provision for deduction under 87A is applicable for AY 2017-18. Please confirm
11 March 2017
Deduction u/s 87A is available for AY 2017-18.
11 March 2017
Yes. Rebate of up to Rs. 5,000 for resident individuals having total income of up to Rs. 5,00,000 as per Sec-87A of Income Tax Act, 1961 for A.Y. 2017-18 i.e. F.Y. 2016-17.
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