Income Tax Rebate

Income tax rebate can be claimed by resident individuals whether male or female & senior citizens or you can say by all taxpayers.

Here are the details of the income tax rebate:

Year Amount Applied to Income less than
2017-2018 Rs.2500 Rs.5,00,000
2016-2017 Rs.5000 Rs.3.5,0000


Under section 87A any individual can claim Rs.2500 of rebate if his/her income is less than Rs.5,00,000. This is not applicable to non-resident and super senior individuals.

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