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Is Sec 87A Tax Rebate Accessible under New Tax Regime? With Automated Income Tax Revised Form 16 F.Y. 2020-21
Sec 87A Tax Rebate Accessible under New Tax Regime? According to the Finance Bill 2019, the threshold furthest reaches of tax rebate U/s 87A was reconsidered to Rs 12,500 for F.Y 2019-20. This tax rebate has been made relevant if a person's (Resident People including Senior Residents) taxable income does not exceed or equivalent to Rs 5 Lakhs. The Finance...
