The threshold limit us/ 87A is Rs 12,500 for FY 2020-21 / AY 2021-22. This means that if the total tax payable is lower than Rs 12,500, then that amount will be the rebate under section 87A. This rebate is applied to the total tax before adding the Education Cess
Step-by-step explanation:
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Answer:
The threshold limit us/ 87A is Rs 12,500 for FY 2020-21 / AY 2021-22. This means that if the total tax payable is lower than Rs 12,500, then that amount will be the rebate under section 87A. This rebate is applied to the total tax before adding the Education Cess