Deductions
This query is : Resolved
18 December 2013
please do a fovor to give detail regarding sec 87 A of it act. what amount should be there?? whether taxable amount Rs. 1lack saving u sec 80 C shall be total income for this rebate.
19 December 2013
the total income derived by the individual before providing for deduction under chapter 80C shall be considered.
For eg: If the income is Rs 5.5 lakhs and under 80C deduction is Rs 1 lakh. Then the individual shall not be eligible for 87A rebate. The total income should not be more than Rs 5 lakhs.
For eg: If the income is Rs 5.5 lakhs and under 80C deduction is Rs 1 lakh. Then the individual shall not be eligible for 87A rebate. The total income should not be more than Rs 5 lakhs.
19 December 2013
the total income derived by the individual before providing for deduction under chapter 80C shall be considered.
For eg: If the income is Rs 5.5 lakhs and under 80C deduction is Rs 1 lakh. Then the individual shall not be eligible for 87A rebate. The total income should not be more than Rs 5 lakhs.
For eg: If the income is Rs 5.5 lakhs and under 80C deduction is Rs 1 lakh. Then the individual shall not be eligible for 87A rebate. The total income should not be more than Rs 5 lakhs.
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