Income Tax Rebates with Case Studies (Section 87A) - ITR & it's Fundamentals

Описание к видео Income Tax Rebates with Case Studies (Section 87A) - ITR & it's Fundamentals

In this module, you will learn about various Income Tax Rebates with Case Studies.

As per current income tax laws, a person is eligible for tax rebate up to Rs 12,500 under section 87A, if the net taxable income does not exceed Rs 5 lakh. Therefore, the tax liability in such a situation will be zero

Rebate under Section 87A is only available to Individuals. All categories of Individuals whether Male or Female or Senior Citizens are eligible to claim Income Tax Rebate under Section 87A. Other types of assesses like HUF, Companies, Partnership Firms, LLP etc are not eligible to claim Income Tax Rebate under Section 87A.

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