if total income is 280000, shall i claim rebate u/s 87a?
that means T.I 280000-250000=30000?
30000*01=3000
3000-2000=1000
Taxable income is 1000
is it correct?
Menu
Rebate u/s87a
Replies (3)
Yes, your observation is correct.
Sec. 87A rebate is applicable for individual taxpayer falling in 10% tax slab (i.e. total income ≤ 5 lakh).
Rebate = tax on total income or Rs. 2,000/- (whichever is less).
Yes it is ok
yes you got releif of upto 2000
Recent Threads
- Regarding berthing of vesse
- Schedule FA reporting - peak value and cash MMF
- Partnership firm with foreign national person
- Audit required
- Deemed Withdrawal of ASMT-13 Orders & Adjustme
- Need advise with HRA claim
- Schedule AL limit for FY 2024-25
- Can a person use ITR 1 when she has CG of Rs.250/
- Choice of ITR Form
- DTAA with US - Interest & Dividend
Related Threads
CAclubindia
