Home > Forum > Income tax rebate


Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Income tax rebate

deepak rathore posted on 02/03/2013 07:43:50

AUDITOR

first calculate tax liablity normally

 

then less rebate u/s 87 A(maximum upto 2000 or tax liablity whichever is lower)

 net tax payable =(taxliablity-rebate u/s 87A)

Suppose after all deduction u/s 8c to 80u income is Rs 300000

tax liablity Rs 10000

less :Rebate u/s 87 A (2000)

tax payable =8000

 


Read Full Thread : Income tax rebate



Forum Home | Forum Portal | Member Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads This Month | Forum Stats | Unreplied Threads

back to the top