Union Budget 2015-16 has been presented by the Finance Minister on 28-02-2015.

Section 87A which was inserted by the Finance Act, 2013 w.e.f. 01-04-2014 provides for income tax rebate up to Rs. 2000/- for assessees having Taxable Income not exceeding Rs. 5 lakhs.

No changes have been made in the said section 87A meaning thereby that the rebate shall continue to be available for FY 2015-16 or AY 2016-17.

Read more about Rebate u/s 87A Click Here >>

See Chart of rebate under Section 87A Click Here >>

Related Topics:

Union Budget 2015-16 Income Tax Key Highlights Click Here >>
Union Budget 2015-16 Service Tax Key Highlights Click Here >>
Revised TDS Rate Chart for FY 2016-17 AY 2016-17 Click Here >> Income Tax Basic Exemption Limit Slab FY 2015-16 AY 2016-17 Click Here >>