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What is The Eligibility For Claiming Rebate u/s 87A Of Income Tax Act?

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 …

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