section 87A

section 87A deals with rebate of rs : 2500 which is deducted from your tax liability
if you are an individual taxpayer and your total income for relevant previous year does not exceeds rs 350000

IF your taxable income is less than or equal to 3,50,000, then you will get rebate of Rs 2500 or tax liability whichever is lesser.
For Example if your taxable income is
Rs 3,20,000 then your taxable liability is Rs 3500.
but you will get rebate of Rs 2500.
So you will finally end up with paying
Rs 1000.

LOGICALLY speaking if your taxable income is Rs 3,00,000. then you need not pay anything.

this provision is applicable only for resident individual

thanks

thanks