Rebate Under Section 87A for A.Y. 2019-20 with Automated All in One TDS on Salary for Private Employees for the F.Y.2018-19 with latest amended by the Finance Budget 2018-19

Individuals who are residing in India and whose income is below Rs. 3,50,000 are entitled to claim rebate under section 87A. Rebate under section 87A should be 2500 Rs or lesser than the total income tax liability.  For example, if the tax liability is more than Rs. 2,500,  then rebate will be available to the extent of Rs. 2,500 only and there is no rebate if the total income (i.e. taxable income) exceeds Rs. 3,50,000.

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Who will get the rebate under section 87a for A.Y.2019-20

The employee who is an individual resident and who gets the salary (After less the all deductions) which does not exceed 3,50,000 in the financial year then they will get the 2500/- rebate u/s 87a income tax act. Senior citizens (Age 60 ≥ 80 ) also eligible for rebate 2500/- u/s 87a.This rebate will be added before calculation of education & Health cess @ 4% on tax

Examples :

1.Individual and Resident of India (< 60 Years )

Total Taxable Income	Tax	Rebate u/s 87a	Tax Payable	Cess @ 4%	Net Tax Payable
300000	2500	2500	0	0	0
350000	5000	2500	2500	100	2600
400000	7500	0	7500	300	7800
500000	12500	0	12500	500	13000

2. Individual and Resident of India (Senior citizens (Age 60 ≥ 80 ) )

Total Taxable Income	Tax	Rebate u/s 87a	Tax Payable	Cess @ 4%	Net Tax Payable
300000	0	0	0	0	0
350000	2500	2500	0	0	0
400000	5000	0	5000	200	5200
500000	10000	0	10000	400	10200

1.Individual and Resident of India (< 60 Years )

Total Taxable Income	Tax	Rebate u/s 87a	Tax Payable	Cess @ 4%	Net Tax Payable
300000	2500	2500	0	0	0
350000	5000	2500	2500	75	2575
400000	7500	0	7500	225	7725
500000	10000	0	12500	375	12875

2. Individual and Resident of India (Senior citizens (Age 60 ≥ 80 ) )

Total Taxable Income	Tax	Rebate u/s 87a	Tax Payable	Cess @ 4%	Net Tax Payable
300000	0	0	0	0	0
350000	2500	2500	0	0	0
400000	5000	0	5000	150	5150
500000	10000	0	10000	300	10300