slab rates
This query is : Open
binisha ravindran
(Querist)
11 May 2017
as per finance act 17, rebate u/s 87A is 2500 for individuals whose income doesnt exceeding 350000 . does that mean that for those people whose income is above 350000 but below
500000 can claim 5000 as rebate ?
CA Rashmi Gandhi
(Expert)
11 May 2017
No its means amout reduced from 5000/- to 2500/- and also limit for claiming rebate reduced from Rs.500000/- to Rs.350000/-. You can claim rebate of Rs.2500/- only if Income is less than Rs.350000/-
binisha ravindran
(Querist)
11 May 2017
thank you ma'am.
Message likes :
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CA Rashmi Gandhi
(Expert)
11 May 2017
Pleasure is all mine.
Message likes :
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Guest
Guest
(Expert)
12 May 2017
NO it will be wrong interpretation.
it simply means that individual having income more than 3.5 lacs are not eligible for rebate.
CA Rashmi Gandhi
(Expert)
12 May 2017
This interpretation is to make her undersatnd only.
12 May 2017
refer https://www.simpletaxindia.net/2017/02/calculation-of-rebate-us-87a-after.html for more info..
Thanks
@VaibhavJ
Thanks
@VaibhavJ
Guest
Guest
(Expert)
12 May 2017
Rashmi mam i was talking about interpretation of querist..not your's..
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