If my Taxable income is rs 5,00,000
then i am liable for rebate
can i get the tds refund which is cut in the financial year
can i get both rebate and refund both??
@ Nini,
Rebate as per Section 87A: For AY 2020-21 (FY 2019-20) is INR 12,500 and your Total Income should be INR 5,00,000.
Yes, you can take the benefit of TDS and rebate at the same time.
CAclubindia
