Section 87a, 2000/- i.t. rebate
This query is : Resolved
10 January 2014
Dear Experts,
As per section 87A, 2000/- tax rebate will be available to tax payers whose net taxable income upto 5 lakh but I am getting confusion regarding its treatment.
Should employer has to reduce 2000/- from employees annual tax liability??? OR
Should employer has to deduct full amount and that after employees have to file ITR & claim the same????
Please clarify this matter at the earliest.
As per section 87A, 2000/- tax rebate will be available to tax payers whose net taxable income upto 5 lakh but I am getting confusion regarding its treatment.
Should employer has to reduce 2000/- from employees annual tax liability??? OR
Should employer has to deduct full amount and that after employees have to file ITR & claim the same????
Please clarify this matter at the earliest.
11 January 2014
the employer should deduct it from the overall tax liability..
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