Rebate u/s 87a of rs 2000 for terminated / resigned employee
This query is : Resolved
20 December 2013
Hi Experts,
Should rebate u/s 87A of Rs 2000 to be provided to resigned / terminated employees ?
Say,
Emloyee X, resigned in Nov-13
His total Income after chapter VIA deductions falls slightly below, making him benefit of Rs 2000.
He is going to Join another company, where his Total income during the year will exceed 5 Lacs.
Should the previous company deny the sec 87A rebate ?
Or the employee should get benefit of the same not knowing about the future company ?
Should rebate u/s 87A of Rs 2000 to be provided to resigned / terminated employees ?
Say,
Emloyee X, resigned in Nov-13
His total Income after chapter VIA deductions falls slightly below, making him benefit of Rs 2000.
He is going to Join another company, where his Total income during the year will exceed 5 Lacs.
Should the previous company deny the sec 87A rebate ?
Or the employee should get benefit of the same not knowing about the future company ?
21 December 2013
on conservative you may decide not to allow. The new employer can give him the credit if the total income falls below Rs 5 lakhs.
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