Section – 87 : Rebate to be allowed in computing income-tax
March 1, 2018
Section – 88 : Rebate on life insurance premia, contribution to provident fund, etc
March 1, 2018

Section – 87A : Rebate of income-tax in case of certain individuals

87A. An assessee, being an individual resident in India, whose total income does not exceed 5[five hundred thousand] rupees, shall be entitled to a deduction, from the amount of income-tax (as computed before allowing the deductions under this Chapter) on his total income with which he is chargeable for any assessment year, of an amount equal to hundred per cent of such income-tax or an amount of 6[7[five] thousand] rupees, whichever is less.

Leave a Reply

Your email address will not be published. Required fields are marked *

65 − = 57

HostBooks has been featured in






Want to know more about HostBooks?

We’ll help you out!






48 − = 38