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income tax

Sethu Madhavan (15 Points)

27 January 2019

what is the income limit upto which tax rebate is allowed?

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MOHAMMED IMRAN (1020 Points)
Replied 27 January 2019

rebate u/s 87A is allowed to a resident individual having total income upto rs 3,50,000
the rebate shall be - amount of income tax on total income OR rs 2,500, which ever is lower

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Lalit Pandey (Indian Business Researcher) (313 Points)
Replied 27 January 2019

this rebate is only upto 3.5 lacs not more theb

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Sai Niranjan (student) (31 Points)
Replied 27 January 2019

if net total income <=3.50L then full tax exempt upto 2500 exempt u/s 87A

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