Rebate u/s 87a

This query is : Resolved

Raghav (Querist)
Follow

01 August 2014 Dear Sir,

As we know that the new income tax slab has increased with Rs 50000 so now it is 2.50 Lakhs but 87A deals with if gross taxable income is less than or equal to 5 Lakhs then the rebate of Rs 2000 is to be given to assessee. So 87A is applicable in FY 2014-15 or there is no rebate under it. Reason being if it applicable then indirectly assessee gets relief of Rs 70000/-.

Kindly suggest me so that I can calculate the TDS accordingly. I would be thankful to you.

Vishnu Saboo

Vishnu Saboo (Expert)
Follow

01 August 2014 there is no contrary announcement about sec 87A rebate, therefore, if total income is less than 5 Lac, rebate is available.

Message likes : 1 times

Rupesh Jain

Rupesh Jain (Expert)
Follow

01 August 2014 rebate is available to assesse u/s 87A

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Vishal Kapadiya

Prashant Kotecha

Rajesh

Akash Sawant

JACOB ABRAHAM KURIALANICKAL

Subscribe Now

Rebate u/s 87a

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

CA Final

Manager- Finance and Compliance

GST CONSULTANT

Senior Executive

Accountant