87 a rebate

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 February 2014 Dear Sir / Madam,

I'd request to guide me the Tax rebate New section 87A in the income tax Act 1961 is applicable after claiming the deductions:

1) HRA, Conveyance, Chapter VI deductions and later falling under the tax slabs of Rs. 2-5 lakhs.

please educate me, thanks in advance.

12 February 2014 Eligible for 87A if the 'taxable income' does not exceed Rs. 5 lakhs.


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