Income tax rebate section 87a financial year, One thought on “ income tax rebate under section 87a from financial year 2013-14 ”. Publication 970 (2013), tax benefits education, Feature description; maximum benefit : you can reduce your income subject to tax by up to $2,500. loan qualifications : your student loan: •must have been taken out. Budget 2013: eligible rs 2000 tax rebate , The highlight of budget 2013 for common man was the tax rebate of rs 2,000 for people with income of less than rs 5 lakhs. this has been made possible by.