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Sec 87a of income tax act

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 February 2014 hi,

How rebate u/s sec 87a of income tax is calculated....

1-Whether Tax rebate is calculated on Tax payable including 3 % Cess or
2- Tax rebate is to be reduced from Tax payable amount as per IT Slabs & then 3 % Cess calculated on balance amount
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AVTAR SINGH

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AVTAR SINGH (Expert)
24 February 2014 Basic tax is reduced by rebate and thereafter cess of 3% is charged on remaining amount if any.
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Ganeshbabu K

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Ganeshbabu K (Expert)
25 February 2014 Rebat 87A can be availed before caluculation of cesstax

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