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Rebate under Sec.87A for FY 2018-19

Tukaram Gaikwad (63 Points)

06 February 2019

How much rebate under Sec.87A for the FY 2018-19.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (167492 Points)
Replied 06 February 2019

Max. Rs. 2,500/- for income upto 3.50 lakhs

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KAAMIL AHAMADH (ACCOUNTING/TAX CONSULTANCY AND ITR/GSTR FILING) (253 Points)
Replied 07 February 2019

Home / Budget-2018-19 / Rebate under section 87A for Assessment Year 2019-20-No changes proposed
Rebate under section 87A for Assessment Year 2019-20-No changes proposed administrator February 1, 2018 Budget-2018-19, Income Tax No Comments

Rebate under section 87A for Assessment Year 2019-20 – No changes proposed

No changes have been proposed by the Finance Bill 2018 in the rebate u/s 87A for AY 2019-20
100 percent Section 87A tax rebate up to income of Rs. 5 lakhs for AY 2020-21 Click Here >>

The rebate is available to Indian resident individuals whose total income does not exceed Rs. 3,50,000/- . The quantum of the rebate is equal to Rs. 2500/- or the amount of tax payable whichever is less...