Rebate U/S 87a Applicable To Huf. When the income exceeds the threshold limit, the tax. The eligibility criteria and rebate amount under section 87a may vary from year to year.
Hence, the members of huf can claim rebate u/s 87a in their capacities as a resident of india. The eligibility criteria and rebate amount under section 87a may vary from year to year.
Rebate U/S 87A Is Allowed To Individuals Only.
The amount of tax payable, or;
Certain Basic Conditions For Availing Rebate U/S 87A:
Hence, the members of huf can claim rebate u/s 87a in their capacities as a resident of india.
2,500, Rebate Will Be Available To The.
Images References :
A) Assessee Must Be A Resident Individual;
This means that if the total tax payable is lower than rs 12,500, then that.
Who Is Eligible For Tax Rebate Under Section 87A?
5,00,000 can claim a tax rebate u/s 87a.
In Budget 2023, The Tax Rebate For Individuals Has Been Increased To Inr 25,000 Which Means Individuals Having Taxable Income Up To Inr 7,00,000 Can Claim.