The total income of Atul, a resident individual, is ₹2,65,000. The rebate allowable under section 87A would be
CS Executive · Tax Laws and Practice · PYQS · June 2015
The total income of Atul, a resident individual, is ₹2,65,000. The rebate allowable under section 87A would be
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C). Official source note: The total income of Atul, a resident individual, is 2,65,000. The rebate allowable under section 87A would be — (A) ₹ 2,000 (B) Nil (C) ₹ 1,500 (D) ₹ 1,545.
Topics: Income Tax
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