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Answers 

What is the rebate amount under section 87A for the financial year 2018-19?

Total Answers 1
Answer by: VISHAL BANSAL

Who is eligible for deduction-

To claim the rebate under section 87A, the following conditions to be fulfill- 

1. You are a Resident Individual

2. Your Total Income less Deductions (under Section 80) is equal to or less than Rs 3.5 lakhs.

Amount of Deduction-

The Rebate is allowed up to Rs 2,500 or tax amount whichever is lower.


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