Rebate on salaey u/s 87a

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 February 2014 DEAR SIR,
IS REBATE SHOULD BE GIVEN AFTER DEDUCTING HRA AND ALLOWANCE AND AFTER DEDUCTING 80C DEDUCTIONS

03 February 2014 Yes, after all exemptions and deductions whatever taxable income remains if that is not more than Rs.5 Lakh, rebate will be given u/s 87A.

03 February 2014 agreed with the Sri Singh...


04 February 2014 Yes..5 lakhs limit is on total income...which means taxable income
.
.
Refer my post for more
https://www.caclubindia.com/forum/new-income-tax-rebate-rs-2000-sec-87a-241553.asp#.UUlszRwZ115



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