Slab rates
NS KHARTHIKVIJAYAN (15 Points)
01 February 2019
Is rebate of ₹5lacs is for the indiviuals whose annual income is less tha ₹6.5 lacs
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 01 February 2019
Yes, whose taxable income be upto 5 lakhs.
v k s supraja
(intermediate)
(216 Points)
Replied 01 February 2019
Rebate under 87A applies to only such persons whose total income is less than or equal to 5 lakhs ... (i.e., no tax liability arises up to 5 lakhs)
Moreover if total income exceeds 5lakhs then there is no concept if rebate under 87A
Moreover if total income exceeds 5lakhs then there is no concept if rebate under 87A
Satish
(Work)
(111 Points)
Replied 02 February 2019
IF INCOME AFTER ALL DEDUCTIONS > 5L => NO REBATE!
happyvalley blooms
(58 Points)
Replied 02 February 2019
If the income is say below Rs 5 lakhs (only income from other sources /all bank FD interest only )
& no claim for any deductions under 80C, these Rebate we have to claim under certain heads or applied upfront deducted by the system
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