Download Automatic Master of Form 16 Part B with 12 BA for F.Y.2016-17 ,With tax Rebate under Section 87A has raised up to Rs.5,000/- for F.Y.2016-17

The maximum amount of tax rebate U/s 87A for F.Y.2016-17?

The amount of tax rebate u/s 87A is restricted to the maximum of Rs.5,000 (increased in Finance Bill 2016). In case the computed tax payable is less than Rs.5,000, say Rs.3,500 the tax rebate shall be limited to that lower amount i.e. Rs.3,500 in our case.

What is the income category taxpayer can enjoy tax rebate?

Only Individual Assesses earning net income up to Rs.5 lakhs are eligible to enjoy tax rebate u/s 87A.

Download Automatic Master of Form 16 Part B with 12 BA for the Financial Year 2016-17 [ This Excel Utility can prepare at a time 50 employees Form 16 Part B with 12 BA]