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


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Section 87A of the Income Tax Act: Rebate of income-tax in case of certain individuals

An assessee, being an individual resident in India, whose total income does not exceed 85five 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 86twelve thousand and five hundred rupees, whichever is less.


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