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Eligibility to Claim Rebate Under Section 87A FY 2019-20 (AY 2020-21)
You can claim tax rebate under this provision if you meet the following conditions:You must be a RESIDENT INDIVIDUAL; andYour Total Income, less Deductions, (under Section 80) is equal to or less than Rs 5 lakhs.The rebate is limited to Rs 12,500. 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 (4%).Following are a few examples of the 87A rebate allowed to Resident Individuals including Senior Citizens:
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