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What are the conditions for availing the rebate of Rs. 2000 under 87A section of the income tax?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 rohith asked almost 3 years ago

What are the conditions for availing the rebate of Rs. 2000 under 87A section of the income tax?

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2 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered over 2 years ago

a) Such individual is resident in India (Ordinarily or Not-ordinarily); b) The total income (gross total income less deductions under Chapter VIA) of such individual does not exceed Rs. 5,00,000 The relief available under this section shall be lower of following: 1) Rs. 2,000; or 2) 100% of tax payable on total income.

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Data?1494421730 rohit awasthi answered almost 3 years ago

Dear Friend > Section 87A of income tax act 1961 following conditions are satisfied: a) Such individual is resident in India (Ordinarily or Not-ordinarily); b) The total income (gross total income less deductions under Chapter VIA) of such individual does not exceed Rs. 5,00,000 The relief available under this section shall be lower of following: 1) Rs. 2,000; or 2) 100% of tax payable on total income. Thanks

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