03 February 2014
Yes, after all exemptions and deductions whatever taxable income remains if that is not more than Rs.5 Lakh, rebate will be given u/s 87A.
04 February 2014
Yes..5 lakhs limit is on total income...which means taxable income . . Refer my post for more https://www.caclubindia.com/forum/new-income-tax-rebate-rs-2000-sec-87a-241553.asp#.UUlszRwZ115