13/01/2017
SECTION 87A (REBATE)
Section 87A of Income-tax Act, provide for a rebate of an amount equal to hundred per cent of such income-tax or an amount of Rs. 2000/- (Rs. 5000 from Financial Year 2016-17), whichever is less, from the amount of income-tax to an individual resident in India whose total income does not exceed five hundred thousand rupees.
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About the author
RAHUL AGRAHARI
ACCOUNTS AND TAX CONSULTANTS
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