87a limit

Articleship 337 views 2 replies

article assistant

30 Points Joined February 2019

what is new 87A limit introduced in interim budget 2019

Replies (2)

SEO Sai Gr. Hosp.

210662 Points Joined July 2016

For AY 2020-21,

Max. upto Rs.12500/- for total income upto 5 lakhs,

Chartered Accountant

1381 Points Joined September 2012

section 87A deals with rebate on tax means, if your taxable income after deduction is upto 500000 than you will get rebate upto Rs.12500 on tax.

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