Rebate under section 87A reduced, lowering the income eligibility threshold and cutting the maximum rebate available. Amendment reduces the income-tax rebate eligibility threshold and the maximum rebate available under section 87A, substituting a lower income threshold ... Summary
Rebate under section 87A reduced, lowering the income eligibility threshold and cutting the maximum rebate available.
Amendment reduces the income-tax rebate eligibility threshold and the maximum rebate available under section 87A, substituting a lower income threshold for entitlement and lowering the cap on the rebate payable; both changes operate from the specified effective date.
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