close x




Income tax rebate


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

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

Search Forum:






Share on :