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87a

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(Querist)
03 March 2015 a person having GTI of Rs600000 and deductions under chapter 6 are Rs 120000.is he eligible for 87A....???
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
03 March 2015 Yes he is eligible for rebate u/s 87A.
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CA Parul Saxena

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CA Parul Saxena (Expert)
03 March 2015 taxable income is considered for rebate u/s 87A his taxable income is Rs.480000 (i.e. below Rs. 500000) so he is eligible for rebate.
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