Rebate of 2000
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 February 2014
i am a senior citizen. my total income is 259000/-, whether i have to pay tax or rebate of 2000 is applicable to me.
Ganeshbabu K
(Expert)
06 February 2014
Yes.senior citizen also can avail rebate u/s 87A if his total incone is less than 5 lakhs
.
.
So in ur case u dont need to pay any tax
.
U no need to pay tax upto 270000(250000 basic exemption 20000income for rebate 87A)
.
.
Note:this section not available to super senior citizen i.e. age above 80 ..as they already get 5 lakhs basic exemption
.
.
So in ur case u dont need to pay any tax
.
U no need to pay tax upto 270000(250000 basic exemption 20000income for rebate 87A)
.
.
Note:this section not available to super senior citizen i.e. age above 80 ..as they already get 5 lakhs basic exemption
Message likes :
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Ganeshbabu K
(Expert)
06 February 2014
You dont need to pay tax and can claim rebate u/s 87A
.
.
For more clarifications on rebate u/s 87A refer below post
.
.
https://www.caclubindia.com/forum/new-income-tax-rebate-rs-2000-sec-87a-241553.asp#.UUlszRwZ115
.
.
For more clarifications on rebate u/s 87A refer below post
.
.
https://www.caclubindia.com/forum/new-income-tax-rebate-rs-2000-sec-87a-241553.asp#.UUlszRwZ115
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