Give or Minus Rebate

Taxes / By

For lower income groups, there’s a rebate in tax allowed.

Conditions:

  1. My Total Income is less than Rs.3,50,000
  2. Minus a Rebate (under Section 87A) of Rs.2500 (or the tax on income if lower than this)
  3. Balance is my tax

So, lower income categories (below Rs 3.5 lacs income) get this benefit only.