Section 87a
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2014
Dear,
As this is a new section iam little bit confused whther the rebate of Rs. 2000 is desucted after education cess or prior to that??....i surfed a lot of pages but all giving contradictory answers...
As this is a new section iam little bit confused whther the rebate of Rs. 2000 is desucted after education cess or prior to that??....i surfed a lot of pages but all giving contradictory answers...
18 February 2014
Relief u/s 87A is from the gross amount of tax. EC & SHEC will be charged AFTER the rebate.
18 February 2014
Rebate of Rs 2000 u/s 87A is available to an assessee, being an individual resident in India, whose total income does not exceed Rs. 500,000.
This rebate is from total tax liability including cess.
This rebate is from total tax liability including cess.
19 February 2014
It is the rebate of tax.
Edc will be after rebate.
Surcharge applies when the taxable income exceeds 1 cr.
Ok
Edc will be after rebate.
Surcharge applies when the taxable income exceeds 1 cr.
Ok
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