TRACES - TDS Reconciliation Analysis and Correction Enabling System
Harit Aaykar
Government of India, Emblem

What is Sec 87A?

Assessee, being an individual who is resident in India, whose total income annually does not exceed Rs 5 Lakh, shall be entitled to a rebate from the amount of income tax. The amount of rebate is 100% of income tax or an amount of Rs. 2000/-, whichever is less.