Category: budget-2017

100 percent Section 87A tax rebate up to income of Rs. 5 lakhs for AY 2020-21 Click Here >> 87A Rebate given in earlier budgets is as under: (a) Rebate u/s 87A FY 2018-19, AY 2019-20  Click Here >> (b) Rebate under section 87A for AY 2018-19  Rebate under section 87A for …

Income Tax Basic Exemption Limits AY 2018-19. 5% tax rate for income up to Rs. 500000/- Rebate u/s 87A reduced to Rs. 2500/-  As forecasted by ABCAUS, the tax rate has been reduced to 5% for first income tax slab and rebate u/s 87A has been pegged at Rs. …