If taxable income (Old slab ) is more than 5 Lacks ( say 7 Lacks )
In above case can , rebate u/s 87 A
avail
For Example
Tax payable 52500
Less rebate 12500
Net tax payable 40000
Pl.guide in above case rebate allowable.
Menu
Sec.87 A
Replies (3)
Quick Summary
No, rebate is not allowed in above case.
Net tax liability remains Rs. 52,500/- only.
Ok.Thanks ,धन्यवाद
You are welcome...
Recent Topics :
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
Related Topics :
CAclubindia
