Rebate under 87
This query is : Resolved
13 July 2014
Assessee has 2employers during the previous year 2013-14. His income from 1st employer is around 5lacs and from second its 6lacs. He gets relief under sec87 of 2000bugs according to 1st employer. Will he get rebate u/s 87 now since the total income now exveeds the maximum amount chargeable to tax?
14 July 2014
NO, REBATE U/S 87 IS AVAILABLE, IF TOTAL INCOME DOES NOT EXCEED RS 5 LACS
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