Please Wait ..

to your account


Remember Me

Forgot your password?

Sign-up now

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

Discussion > Income Tax > Circulars >

Section 87 a of income tax rules

    Post New Topic
Pages : 1


[ Scorecard : 28]
Posted On 20 February 2014 at 14:56 Report Abuse

Section 87 A mentioned that the persons having "total income" not exceeding Rs. 500000/-. I doubt that the income should be considered before deducting deductions u/s 80C, but many experts are of the opinion that it will be deducted after deduction u/s 80C i.e. from "taxable income". I am confused by the words "Total Income" and "Taxable Income". Please someone help me and clarify by quoting rules etc..



Online classes for CA CS CMA

Dipjyoti Majumdar
CA in service & CS. dipmaj@

[ Scorecard : 3246]
Posted On 20 February 2014 at 17:35

Yes, the 5 lakh figure is after giving effect to section 80 deductions like 80C, 80D, 80TTA etc.


There are 1 Replies to this message

Related Files

Related Threads

Post your reply for Section 87 a of income tax rules

Your are not logged in . Please login to post replies

Click here to login

Not a member yet ?? Click here to signup



  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.

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