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Sec 87a

This query is : Resolved 
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(Querist)
31 July 2014 Sir

How is the rebate of Rs 2000 available?
Is it calculated on Gross Total Income or Net Taxable income. Suppose my GTI is Rs 525000 Will I get rebate
Thanks
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
31 July 2014 only if ur net income is less then 5,00,000 then only sec 87A is applicable otherwise u cannot get 2000 rebate.
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Vishnu Saboo

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Vishnu Saboo (Expert)
31 July 2014 If ur total income is less than 5 lac, you r eligible to get rebate.
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