For AY 2022-23, following are the conditions for claiming rebate under section 87A:
- An assessee is a resident Individual
- Total Income does not exceed Rs. 5,00,000
- Maximum rebate allowed is 100% of Income tax or Rs. 12,500
Rebate under section 87A is not available to a non-resident individual, resident or non-resident HUF/ AOP/ BOI and company.