The rebate of Section 87A is available for the P.Y 2019-20 if income does not exceed ₹5,00,000. The amount of rebate is
A. ₹2500
B. ₹ 2000
C. ₹ 12500 or tax liability whichever is less.
D. ₹ 5000
Answer:C
The rebate of Section 87A is available for the P.Y 2019-20 if income does not exceed ₹5,00,000. The amount of rebate is
A. ₹2500 B. ₹ 2000 C. ₹ 12500 or tax liability whichever is less. D. ₹ 5000