17 April 2014
after the calculation of LTCG and STCG I calculated total income .. the total income s (rs.297000-250000) *15% as per ay 2014-15 and added cess there s a addition of rs. 2000 as rebate under sec 87A. how s rebate calculated ?? pls guide me
17 April 2014
Total income xxxxxx (income from all heads) less deductions u/c VI xxxxxx total taxable income (must be less than 5 lakh) compute tax xxxx less rebate (max 2000) xxxx balance tax payable add cess and shec total tax liability
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