My taxable income (after all deductions) is going slightly above 5,00,000 by Rs. 500 due to which I can’t I use rebate under section 87a. Is there any forfeitures/ payments I can do after 31st March to bring taxable income below 5 lakhs?
Hi @Creamy_Garg
No, any tax saving payment or investment after 31 March 2023, will not qualify for the reduction in the income for FY 2022-23.