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Newly inserted sec. 87a

This query is : Resolved 
 

(Querist)
05 March 2013

Hi!

The newly inserted section 87A gives a tax credit of Rs.2000/- if the total income of the assessee is within the slab of Rs.2 Lacs to Rs.5 Lacs. This total income is to be considered after deductions under ch.VI-A ?

Kindly Help !

Thank You!


CA Suraj Lakhotia (Expert)
06 March 2013

Total income is to be considered after deductions under chapter VI-A



Guest (Expert) 06 March 2013

The meaning of Total Income shall always be considered after chapter VI-A.



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