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Tax slab for individual

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(Querist)
07 December 2013 Whether Rs. 2000/- additional tax rebet is given for taxable income up to Rs. 5,00,000/-?

Kirti Shah
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Pramod Kumar Sinha

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Pramod Kumar Sinha (Expert)
07 December 2013 Yes, As per Finance Bill, 2013 rebate (Rs 2000/-)u/s 87A is available for resident individuals having taxable income up to Rs. 5 lakhs.
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Sanket

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Sanket (Expert)
07 December 2013 An assessee, being an individual resident in
India, whose total income does not exceed five
hundred thousand rupees, shall be entitled to a
deduction, from the amount of income-tax (as
computed before allowing the deductions under
this Chapter) on his / her total income with which
he/she is chargeable for any assessment year, of
an amount equal to hundred per cent of such
income-tax or an amount of two thousand rupees,
whichever is less.
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Kirti Shah

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Kirti Shah (Querist)
28 December 2013 Thank you all for your opinion.

Kirti Shah
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