rebate 87

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168 Points Joined November 2017
What is rebate 87? And how much amount of rebate is available?
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On 04 November 2017 at 14:33 Report
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64 Points Joined September 2017
a resident individual whose taxable income is less than or equal to 500000 can have a deduction of 5000 u/s 87 as rebate
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On 04 November 2017 at 15:10
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64 Points Joined September 2017
means if his tax liability is 6000 he need to pay only 1000
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On 04 November 2017 at 15:11
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168 Points Joined November 2017
Means to get rebate income must be Less than rs 500000?
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On 04 November 2017 at 15:14
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64 Points Joined September 2017
absolutely. ...
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On 04 November 2017 at 15:16
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168 Points Joined November 2017
Thanks
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On 04 November 2017 at 15:41
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43 Points Joined October 2017
For which FY you are asking
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On 04 November 2017 at 16:49
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43 Points Joined October 2017
FY 17-18 it is reduced to 2500 whose salary not greater than 3.5lacs
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On 04 November 2017 at 16:51


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