Meaning
Section 87A provides a tax rebate for resident individuals in India, lowering their income tax liability.Definition
This section of the Income Tax Act, 1961, allows eligible taxpayers to reduce their total tax payable. It’s a key benefit for individuals.Eligibility Criteria
Resident individuals whose total income does not exceed a specified threshold are eligible for this rebate.Rebate Details
The rebate amount, up to a maximum limit, is deducted from the total tax payable before surcharges or cess.Author
