Hi
Today I have downloaded new RPU 3.9. But did not found provision for "Rebate u/s 87A". Please let me know what to do ?
Varsha
Nag
(IT)
(77 Points)
Replied 28 April 2014
Same problem. Why nobody is giving a valid solution. Even nsdl must be knowing the problem.
See my query. I am getting error as "T-FV-4306 Invalid Taxable Amount on which tax is deducted by the current employer "
Ushnas P.Zaveri
(Chartered Accountant)
(24 Points)
Replied 08 May 2014
What to do if Tax is deducted considering rebate u/s 87A ?
Whether to show Gross salary decrease by Rs.20000/- (as rebate of Rs.2000/-) ?
Or to wait for new version ?
varsha
(ghhg)
(92 Points)
Replied 08 May 2014
I have called NSDL call center. They told that this is not releted to TDS. So you enter TAX calculated after deducting 2000. So there will be no short fall.
In new RPU also there will not be any provision for the same. You can confirm this by calling NSDL call center.
Ushnas P.Zaveri
(Chartered Accountant)
(24 Points)
Replied 08 May 2014
i.e. to say, if Gross salary is Rs.450000/-
Deduction u/s 80c Rs.100000/-
Net taxable income (450000-100000-200000) Rs.150000/-
Then in Tax on Total income we have to put Rs.13000/- instead of Rs.15000/- ??
Then query will not generate ??
Nag
(IT)
(77 Points)
Replied 08 May 2014
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