Rebate on salaey u/s 87a

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 February 2014 DEAR SIR,
IS REBATE SHOULD BE GIVEN AFTER DEDUCTING HRA AND ALLOWANCE AND AFTER DEDUCTING 80C DEDUCTIONS

AVTAR SINGH

AVTAR SINGH (Expert)
Follow

03 February 2014 Yes, after all exemptions and deductions whatever taxable income remains if that is not more than Rs.5 Lakh, rebate will be given u/s 87A.

Yogesh Agarwal

Yogesh Agarwal (Expert)
Follow

03 February 2014 agreed with the Sri Singh...

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

04 February 2014 Yes..5 lakhs limit is on total income...which means taxable income
.
.
Refer my post for more
https://www.caclubindia.com/forum/new-income-tax-rebate-rs-2000-sec-87a-241553.asp#.UUlszRwZ115