18 July 2017
as per section 87 rebate upto 5000 available if net total income is below 500000. my question is weather total income includes special rate taxable income(ex.STCG stt paid,lottery income,LTCG) asessee's total income excluding STCG STT paid on shares is 430000,STCG STT paid on shares is 120000 weather he is eligible for rebate under section 87