Tds on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 February 2017
Hi,
Can an salary person avail exemption u/s 87A rs-5000/- for fy 2016-2017 at the time of tds calculation on salary by his employer.?
If he can avail, then how . PLEASE SIR REPLY IMMEDIATELY .
IT'S VERY VERY URGENT
THANK YOU.
Can an salary person avail exemption u/s 87A rs-5000/- for fy 2016-2017 at the time of tds calculation on salary by his employer.?
If he can avail, then how . PLEASE SIR REPLY IMMEDIATELY .
IT'S VERY VERY URGENT
THANK YOU.
15 February 2017
Yes an assessee can claim it, if his/her salary is below 5L. It is deducted from net tax liability.
15 February 2017
Yes, if Taxable income is less than 500000/- than can consider Rs.5000/-u/s 87A.
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