December 14, 2018

Rebate U/s 87A(For A/Y 2017-18)

Amount of Rebate : 

5,000 or 100% of Income Tax whichever is lower

Conditions for claiming Rebate

  • Individual
  • Resident
  • Total Income does not exceed Rs.5,00,000

Example1: Mr. A(aged 45Years) having Total Income of Rs.2,80,000. Calculate the Tax Payable By him

Example2: Mr. A(aged 40Years) having Total Income of Rs.4,60,000. Calculate the Tax Payable By him

Example3: Mr. A(aged 65Years) having Total Income of Rs.6,00,000. Calculate the Tax Payable By him

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