What is Section 87A Rebate?

What is Section 87A Rebate?

A rebate under section 87A is one of the income Tax provisions that helps taxpayers to reduce their income tax liability. Employee will get this rebate if total income does not exceed Rs 5 lakh in a financial year. Thus, income tax liability becomes nil after claiming the rebate under section 87A.

For more on section 87A, click here