Rebate u/sec 87a
This query is : Resolved
12 August 2013
Dear Sir,
Please guide me whether rebate of Rs.2000/- is applicable for salaried person.It can be shown in Form 16
Thanks & Regards
Janki
Please guide me whether rebate of Rs.2000/- is applicable for salaried person.It can be shown in Form 16
Thanks & Regards
Janki
13 August 2013
Firstly Section 87A is applicable from AY 2014-15, i.e. for the financial year 2013-14.
Rebate is applicable to ALL individual whose total income does not exceed Rs. 5 lakhs.
It will be shown by the employer in Form 16.
Rebate is applicable to ALL individual whose total income does not exceed Rs. 5 lakhs.
It will be shown by the employer in Form 16.
13 August 2013
Mr.Siddhartha Bhardwaj said correct
16 August 2013
Yes, it can be considered while deducting tds return and also can shown in form 16
for more information on new rebate secton 87A please do refer
https://www.caclubindia.com/forum/new-income-tax-rebate-rs-2000-sec-87a-241553.asp#.UUlszRwZ115
for more information on new rebate secton 87A please do refer
https://www.caclubindia.com/forum/new-income-tax-rebate-rs-2000-sec-87a-241553.asp#.UUlszRwZ115
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