Relife under section 87a

This query is : Resolved

kartik kumar panda (Querist)
Follow

31 December 2013 Please suggest if a person net tax able income is 2,25,000/- before claim exemption of Rs 2,00,000/- tax paid on Rs 25000/- @ 10% is 2500 plus Cess @3% is 75 on which amount tax refile U/S 87A is claim either from 2500/- or from 2575/- or cess calculate from 2500-2000 =500 @3% 15 my question is from which amount cess is calculate either 500 or 2500/-

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

31 December 2013 before chaarging edu and higer edu ces,,the concept is like same for slab as we apply first slab and then add edu and highere edu cess.

Message likes : 1 times

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

31 December 2013 before chaarging edu and higer edu ces,,the concept is like same for slab as we apply first slab and then add edu and highere edu cess.

Message likes : 1 times

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

31 December 2013 agreed with Tushar. Please refer the following link for official clarification https://www.incometaxindiapr.gov.in/incometaxindiacr/contents/forms2010/pamphets/Individual_HUF_2014_15.htm

so you would reduce 2000 from 2500 and apply cess at 3% on the remaining Rs 500.

Message likes : 2 times

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

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

kavita goel

avulaandcopdrl 2023

divakar podaturu

Ashok Atluri

CA Reshma prabhu

Subscribe Now

Relife under section 87a

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA