Tag: Tax Rebate
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Section 87A gives Income tax Rebate/Credit of Rs 2000 for individual whose income is less than Rs 5 lac
Budget 2013 has introduced new Section 87A. This Section gives Extra Income tax rebate of Rs 2000/- to Resident Individuals whose Total Income is less than Rs 5,00,000/- Conditions to be fulfilled for availing Extra Income tax rebate: 1) Extra rebate u/s 87A is only available to Individuals. This rebate is not available to HUF’s […]