Rebate Under Section 87A of The Income Tax Act
The Finance Act 2013,had introduced Section 87A under The Income Tax Act,to provide relief to the small tax payers. This section provided for a Tax rebate of Rs.2000 to the Resident Individuals having a Total Income less than or equal to Rs.5 lakhs. Further,as per recently presented Union budget in Feb 2016 ,the Finance minister … Read more