Rebate of 2000

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 February 2014 i am a senior citizen. my total income is 259000/-, whether i have to pay tax or rebate of 2000 is applicable to me.

Ganeshbabu K

Ganeshbabu K (Expert)
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06 February 2014 Yes.senior citizen also can avail rebate u/s 87A if his total incone is less than 5 lakhs
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So in ur case u dont need to pay any tax
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U no need to pay tax upto 270000(250000 basic exemption 20000income for rebate 87A)
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Note:this section not available to super senior citizen i.e. age above 80 ..as they already get 5 lakhs basic exemption

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Ganeshbabu K

Ganeshbabu K (Expert)
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06 February 2014 You dont need to pay tax and can claim rebate u/s 87A
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For more clarifications on rebate u/s 87A refer below post
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https://www.caclubindia.com/forum/new-income-tax-rebate-rs-2000-sec-87a-241553.asp#.UUlszRwZ115

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