Income Tax Relief u/s 87a if income source is only through rental income

Nitin (NA) (22 Points)

02 February 2022  

Relief u/s 87a if income source is only through rental income
Suppose my income source is only through rent which i received from tenants whose total value would be less than 5Lac. So can i eligible for Relief u/s 87a of income tax ?

Is standard deduction of 50K also i can claim ?

Please confirm. 

 

Thanks

Nitin