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U/s 87a

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(Querist)
03 July 2015 how much amount is allowed as deduction as per u/s87a,and where is allowed.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 July 2015 Rs. 2,000. Reduce from income tax due.
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CA. Sunil Gokhale

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CA. Sunil Gokhale (Expert)
03 July 2015 U/s 87A, if total income of resident individual does not exceed Rs.5,00,000 then a rebate from income-tax is allowed at 100% of the tax payable or Rs.2,000, whichever is lower.




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