Rebate 2000 rs
This query is : Resolved
19 March 2014
i want 2 know abt rs. 2000 rebate on income tax..
nd wht will b d effct of tds to employee whose income is rs. 220000..??
guide me
19 March 2014
Gross total Income..............220000
Tax (220000-200000)10%................2000
Less:-Rebate u/s 87a..................2000
Tax liability.........................Nil
Tax (220000-200000)10%................2000
Less:-Rebate u/s 87a..................2000
Tax liability.........................Nil
19 March 2014
his tds liability will be nil..if you have deducted he can claim refund
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