Rebate u/sec 87a
This query is : Resolved
Janki Kahar
(Querist)
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.
CA.Thirumalesu
(Expert)
13 August 2013
Mr.Siddhartha Bhardwaj said correct
Ganeshbabu K
(Expert)
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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