The rebate of Section 87A is available for the PY 2020-21 if income does not exceed ₹ 5,00,000. The amount of rebate is
A. ₹ 2500
B. ₹ 2000
C. ₹ 12,500 or tax liability whichever is less
D. ₹ 5000
Answer:C
The rebate of Section 87A is available for the PY 2020-21 if income does not exceed ₹ 5,00,000. The amount of rebate is
A. ₹ 2500 B. ₹ 2000 C. ₹ 12,500 or tax liability whichever is less D. ₹ 5000