No rebate u/s 87A if total income exceeds Rs 5 lakh

My query is regarding claim for rebate u/s 87A. The calculations are as under:

I received in the FY 2015-16 a sum of Rs 7,20,000 in which Rs 1,16,000 belongs to arrears for the previous FY 2014-15. As a result, I am left with Rs 6,04,000 (Rs 7,20,000 minus Rs 1,16,000 arrears) for the FY 2015-16. 

I have invested Rs 1,50,000 u/s 80C in the FY 2015-16. After taking into consideration Rs 1,50,000 and Rs 1,16,000, I am left with a sum of Rs 4,54,000 for this FY. My query is under these circumstances, am I eligible for the rebate of Rs 2,000 u/s 87A for the FY 2015-16? — Deepti Sharma

Your total income after claiming deduction allowable under Section 80C of the Income-tax Act 1961 (The Act) would be Rs 5,70,000.  The rebate under Section 87A of the Act is allowable to an individual resident in India whose total income does not exceed Rs 5 lakh. You would, therefore, not be entitled to a rebate under Section 87A of the Act for the assessment year 2016-17 as your total income including arrears of salary would be more than Rs 5 lakh. 

My son is working is an MNC posted in Bangalore. Now the company has posted him in Singapore by giving him fresh appointment. He will join the new job in Singapore by the end of October or November, 2017 in the same company. My query is what will be his tax liability in India and Singapore. Please also clarify whether dual taxation will be applicable or not?   — Sansar Chand 

Your son would be liable to pay income tax on his salary income for the financial year 2017-18 including income earned by him for the months of October/November 2017 to March 2018 received in Singapore. This is on account of the fact that your son would be resident in India for the financial year 2017-18. In case he becomes liable to pay tax in Singapore on his salary earned in that country, the amount of tax paid by him in Singapore can be claimed as a relief against the total tax payable in India by your son in respect of his income for the assessment year 2018-19 (financial year 2017-18). The relief is allowed only in respect of the tax payable on the income which is doubly taxed.

a) Please advise whether I can gift Rs 50,000 each to my son-in-law and daughter-in-law in one day? If so, is there any tax liability on the donee or donor? 

b) What is prorating of will? — Sohan Pal Arora

a) There would be no tax liability in respect of the amount gifted by you to your son-in-law and daughter-in-law as far as both these recipients are concerned. However, income earned on the amount gifted to your daughter-in-law will be included in your total income under the provisions of Section 64 sub-section (1) (vi) of the Act.

b) The probate of a will is a process whereby the will executed by a person is legally recognised to enable the beneficiaries become legal owner of the property in respect of which the will has been executed. It may also be defined as an official process approving that the will is valid.