What Is Tax Rebate U/S 87a

What Is Tax Rebate U/S 87a. What is income tax rebate u/s 87a? What is a tax rebate?


What Is Tax Rebate U/S 87a

Presently the rebate of tax is available for those whose income does not exceed ₹ 5 lakh. What is income tax rebate u/s 87a?

Section 87A Of The Income Tax Act Provides Income Rebates For Those Whose Income Falls Under The 10% Tax Slab.

Presently the rebate of tax is available for those whose income does not exceed ₹ 5 lakh.

Understanding Income Tax Rebate Under Section 87A;

Tax liability before claiming rebate u/s 87a:

This Rebate Is Available Under Section 87A.

Images References :

Rebate Under Section 87A Is Allowed Only To Individuals Resident In India Whose Total Taxable Income Is Below The Specified Limits.

As per the latest 2023 rules of tax rebates in india:

A Tax Rebate Is A Type Of Discount Offered On Your Tax Liability.

Currently, this limit stands at rs.

What Is Income Tax Rebate U/S 87A?