How to Calulate Rebate (FY 2019-20,AY 2020-21)

Last updated at July 31, 2026 by

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How to Calculate Rebate What is Rebate? Discount on Tax is called Rebate It is reduced from Tax Amount of Rebate in FY 2019 20 If income is between 250000 500000, then 12500 Maximum Rebate Note: Rebate cannot be more than tax Example Income Tax Rebate Net Tax 500000 600000 400000 200000 12500 32500 7500 0 12500 0 0 32500 7500 0 0 0 If income is between 250000 500000, then 12500 Maximum Rebate Rebate cannot be more than tax

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CA Maninder Singh is a Chartered Accountant with 16+ years of practical experience and 20+ years of teaching experience. At Teachoo, he simplifies Accounts, Tax and GST with step-by-step examples so students can apply concepts confidently in exams and real life.

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