Rebate u/s 87a
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 August 2014
Please tell me that while filing online automatically rebate the tax of Rs.305 in itr-4. as per tax slab after 2 lakhs 10% is applicable. my taxable income is 203050 in future IT department they ask for the rebate tax amount or what.
01 August 2014
Rebate amount u/s 87A will be automatically calculated by ITR. Since your Taxable Income is Rs 203050 you are not required to pay any Tax.
Rupesh Jain
(Expert)
02 August 2014
it is u/s 87A if your taxable income is below rs. 500000/- then up to rs. 2000/- tax rebate will be allow.
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