Calculation of Rebate Under Sec 89

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3 Points Posted on 01 November 2021
While Calculating Total Income as mentioned in Sec 89 for Rebate whether Income From House Property & Income from other sources is to be considered or only Income From Salary is to be considered ?
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On 01 November 2021 at 23:18 Report
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Quick Summary
This discussion clarifies the calculation of rebate under Section 89. It addresses whether only salary income or all income heads should be included when determining total income for the rebate. The consensus reached is that all heads of income are to be considered for this calculation.

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Practising CA
8954 Points Posted on 02 November 2021
Income from all heads to be considered
1 Reply
On 02 November 2021 at 00:03
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Chartered Accountant
24588 Points Posted on 02 November 2021
All heads of income will be considered
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On 02 November 2021 at 06:06
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3 Points Posted on 02 November 2021
Thank you very much everyone
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On 02 November 2021 at 15:43
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CA
10436 Points Posted on 03 November 2021
Yes income from all heads will be considered
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On 03 November 2021 at 00:06
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Chartered Accountant
24588 Points Posted on 03 November 2021
Your welcome
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On 03 November 2021 at 12:59
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CA
10436 Points Posted on 03 November 2021
My pleasure
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On 03 November 2021 at 14:57

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