The maximum amount of Rebate allowed to an Individual under Section 87 A of Income Tax Act nbs...........

Finance (Phase -I & II) Public Finance The union budget

The maximum amount of Rebate allowed to an Individual under Section 87 A of Income Tax Act is ______if his/her Total income does not exceeds______ during Financial Year 2019-20.

Rs. 12,500; 5,00,000/-

Rs. 10,500; 5,00,000/-

Rs. 2,500; 3,00,000/-

None of the above

छोटे Courses बड़े Results

Master Public Finance The union budget

Prepare through Micro-courses

Try Now

Explanation:

Rebate under Section 87A of Income Tax act, 1961 is Rs. 12500 or tax calculated which ever is less provided the total income of assessee does not exceed Rs. 5,00,000/- per annum.