INCOME TAX SECTION 87A - Rebate of income-tax in case of certain individuals

Description

An assessee, being an individual resident in India, whose total income does not exceed 19[three hundred fifty 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 20[two thousand and five hundred] rupees, whichever is less.

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