Dear. plz tell whether rebate of Rs. 2000 is deductible before 3percent education cess or after calculating cess on tax.
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Tax rebate u\s 87a
Replies (3)
Rs 2000 is deductible before education cess.
Yes 2000 is deductible before cess
- If the total tax payable is less than Rs. 2000/-, rebate is restricted to “total tax payable”.
- Rebate benefit is not applicable to a super senior citizen, since he is already fully exempted up to Rs. 5 lakh
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