Relife under section 87a

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kartik kumar panda (Querist)
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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)
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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.

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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.

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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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.

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