what is new 87A limit introduced in interim budget 2019
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(184685 Points)
Replied 06 February 2019
For AY 2020-21,
Max. upto Rs.12500/- for total income upto 5 lakhs,
CA.Pankaj Rawat
(Chartered Accountant)
(1381 Points)
Replied 06 February 2019
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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