Who can claim the deduction u/s 87A?
Who can claim the deduction u/s 87A?
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Who can claim the deduction u/s 87A?
Who can claim the deduction u/s 87A?
A resident individual whose total income is less than Rs 5 lacs can claim the rebate.
Further, rebate under this section shall be the maximum of 5000.
It means that individual having income of Rs 5 lacs or less can claim lower of the followings.
a. Total income-tax liability or
b. Rs. 5,000.
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