07/02/2017

REBATE UNDER SECTION 87 A FOR A.Y 2018-19 F.Y 2017-18 REDUCED TO Rs. 2500 ( Author - Admin )





In The Finance Budget for A.Y 2018-19 Tax rate has been reduced to 5% from 10% and rebate u/s 87A has also been reduced to

2500 from 5000 for Individulas having taxable income upto Rs. 3,50,000.


The Effect is Shown below.






TAXABLE INCOME A.Y 2017-18 A.Y 2018-19

3,50,000   10000     5000

LESS- 87A     5000     2500

NET TAX PAYABLE                            5000     2500










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