87a rebate

Hi Sridhar

As per Sec.87A An assessee, being an individual resident in India, whose total income does not exceed 500,000/-, shall be entitled to a deduction, from the amount of income-tax (as computed before allowing the deductions under this Chapter VIII) on his total income with which he is chargeable for any assessment year, of an amount equal to 100% of such income-tax or an amount of 2000/-, whichever is less.

As you mentioned 2000/- deduction from tax amount is allowed before allowing any deduction under chapter VIII

however this provision will be effective from AY 2014-15.

Before adding the 3% cess on tax.