Rebate under section 87a
This query is : Resolved
21 November 2013
Hi
As per sec. 87A rebate of 2000/- is available if total income is up to Rs.5 Lac.
say if Total income is Rs.5,00,000 tax will be Rs.28000/- but if Total income is 5,00,100 tax will be 30,020 means by increasing income only by Rs.100/- tax increases by Rs.2000/-.
Is it
or
any marginal relief is available.
Thanking you,
Avinash
As per sec. 87A rebate of 2000/- is available if total income is up to Rs.5 Lac.
say if Total income is Rs.5,00,000 tax will be Rs.28000/- but if Total income is 5,00,100 tax will be 30,020 means by increasing income only by Rs.100/- tax increases by Rs.2000/-.
Is it
or
any marginal relief is available.
Thanking you,
Avinash
22 November 2013
yes it is correct. no marginal relief available.
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