Tax rebate under section 87a for A.Y 2017-18

Rebate under section 87A is provided so that the tax burden of the people with lower income can be reduced. And the benefit can be claimed only by those whose income is within the specified limit.

Note:- Calculation of rebate is to be done before education cess.

Who can claim rebate u/s 87a

Complete guide for efilling of Income tax return - Which itr to file for salaried person and others for A.Y 2017-2018

This year there is a small change in ITR forms.

ITR 4 which was earlier used for Assesses being Individual having any Business or Profession of their own was required to file ITR 4. Now the same has been replaced with ITR 3.

Note if your Income Tax Return under presumptive basis you will have to file ITR 4S.

So let’s get started.