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
IS REBATE SHOULD BE GIVEN AFTER DEDUCTING HRA AND ALLOWANCE AND AFTER DEDUCTING 80C DEDUCTIONS
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.
03 February 2014
agreed with the Sri Singh...
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
.
.
Refer my post for more
https://www.caclubindia.com/forum/new-income-tax-rebate-rs-2000-sec-87a-241553.asp#.UUlszRwZ115
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