Section 87A provides a rebate from the tax payable by an assessee, being an individual, whose total income does not exceed ______ for the assessment year 2020-21.

CS Executive · Tax Laws and Practice · PYQS · December 2020
Section 87A provides a rebate from the tax payable by an assessee, being an individual, whose total income does not exceed ______ for the assessment year 2020-21.
(A) ₹2,50,000
(B) ₹3,00,000
(C) ₹3,50,000
(D) ₹5,00,000

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Rebates and Reliefs

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