Incometax

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Keshav

Keshav (Querist)

01 March 2015 is tax rebate of 2000 befor or after 80c deduction

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

01 March 2015 87A. An assessee, being an individual resident in India, whose total income does not exceed five hundred thousand rupees, shall be entitled to a deduction, from the amount of income-tax (as computed before allowing the deductions under this Chapter) on his total income with which he is chargeable for any assessment year, of an amount equal to hundred per cent of such income-tax or an amount of two thousand rupees, whichever is less.

Sanket

Sanket (Expert)

01 March 2015 The section 87A seeks to provide that an tax payer being an individual , whose total Taxable Income does not exceed 5,00,000/-( After deduction of U/s 10,16,80C and under chapter VI A)

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