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87a

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(Querist)
22 November 2013 tax credit of 87A on total income or taxable income of 5 lacs
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Ganeshbabu K

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Ganeshbabu K (Expert)
22 November 2013 yes it is taxable income only..
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applicable only if taxable income after chapter VIA deductions is less than 5 lakhs
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Ganeshbabu K

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Ganeshbabu K (Expert)
22 November 2013 you may refer my below post for more
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https://www.caclubindia.com/forum/new-income-tax-rebate-rs-2000-sec-87a-241553.asp#.UUlszRwZ115
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