Rebate u/s 87a

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 January 2014 sir,

pleases explain me how to calculation of TDS U/s 192 Salary Rebate U/s 87A

Sir My Employer Income of Rs. 250000/-

and I am Calucalte the TDS Amount is 5000/-
but Rebate U/s 87A Consider Rs. 2000/-
and remaning amount shall be dedacted

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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11 January 2014 Your calculation is correct.

Rebate u/s 87A is allowed when the income does not exceed Rs. 5 lakhs.

So final tax liability is Rs. 3,000