For claiming Rebate u/s 87A . . total income after deducting Chapter VIA deductions if any should be not more than 5 lakhs . for more quries refer my post,
11 June 2014
Assuming Assesse is individual and below 60 years AND NOT HAVING ANY TDS, . . Tax=(480000-200000)*10% =28000 Less:87A=2000 . TAX PAYABLE=26000=A CESS:@3%=B interest 234B,234C if applicable=C . . payable is A+B+C . . FILL DETAILS IN ITR AND CALUCULATE YOU WILL GET FIGURE
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