Rebate of 2000
This query is : Resolved
11 June 2014
for claimang rebate of 2000 the income after deducting 80c of 100000 need to be <500000..is it correct
11 June 2014
it is gross total income before deduction that needs to be less then 5 lakhs for claiming sec 87A dedcution.
Message likes :
1 times
11 June 2014
Yes,you are correct,
For
claiming Rebate u/s 87A
.
.
total income after deducting Chapter VIA deductions if any should be not more than 5 lakhs
.
for more quries refer my post,
https://www.caclubindia.com/forum/new-income-tax-rebate-rs-2000-sec-87a-241553.asp#.U5gLO_QW11a
For
claiming Rebate u/s 87A
.
.
total income after deducting Chapter VIA deductions if any should be not more than 5 lakhs
.
for more quries refer my post,
https://www.caclubindia.com/forum/new-income-tax-rebate-rs-2000-sec-87a-241553.asp#.U5gLO_QW11a
Message likes :
1 times
11 June 2014
if total income after chapter vIA deduction is 480000 then what will be the tax payable
11 June 2014
Assuming Assesse is individual and below 60 years AND NOT HAVING ANY TDS,
.
.
Tax=(480000-200000)*10%
=28000
Less:87A=2000
.
TAX PAYABLE=26000=A
CESS:@3%=B
interest 234B,234C if applicable=C
.
.
payable is A+B+C
.
.
FILL DETAILS IN ITR AND CALUCULATE YOU WILL GET FIGURE
.
.
Tax=(480000-200000)*10%
=28000
Less:87A=2000
.
TAX PAYABLE=26000=A
CESS:@3%=B
interest 234B,234C if applicable=C
.
.
payable is A+B+C
.
.
FILL DETAILS IN ITR AND CALUCULATE YOU WILL GET FIGURE
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding appeal to GSTAT
- Form 121 & TDS deduction
- Copyright software
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Regarding TDS Applicability For Director Remuneration
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
