05 July 2014
i hav salary of 5 lakh rupees....while deductin tds i hav taken rebate 87a and accordingly tds is deducted..nw i hav other source income of 3 lakh rupees....nw wat to do
05 July 2014
When you offered this additional 3 lakhs under other sources . . As your taxable income exceeds 5 lakhs . . 87A tax credit will not available . . So you have to pay tax of this Rs.2000 along with tax on other soures income
CAclubindia
