if total income is 280000, shall i claim rebate u/s 87a?
that means T.I 280000-250000=30000?
30000*01=3000
3000-2000=1000
Taxable income is 1000
is it correct?
Deepak Gupta
(CA Student)
(15922 Points)
Replied 31 October 2015
Yes, your observation is correct.
Sec. 87A rebate is applicable for individual taxpayer falling in 10% tax slab (i.e. total income ≤ 5 lakh).
Rebate = tax on total income or Rs. 2,000/- (whichever is less).
vishnu bhardwaj
(Tax Advocate)
(212 Points)
Replied 05 November 2015
yes you got releif of upto 2000
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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