U/s 87 a

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Jatinder Singh

Jatinder Singh (Querist)
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15 January 2014 what is this section for and it is applicable from when

Nikhil Kaushik

Nikhil Kaushik (Expert)
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15 January 2014 this section provides a relief of maximum upto Rs 2000 to the assessees whose total income for the year doesn't exceed Rs 5 lakhs.

Ganeshbabu K

Ganeshbabu K (Expert)
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15 January 2014 For more clarifications on sec87A
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https://www.caclubindia.com/forum/new-income-tax-rebate-rs-2000-sec-87a-241553.asp#.UUlszRwZ115
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Naresh Dharia F.C.A.

Naresh Dharia F.C.A. (Expert)
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17 January 2014 Section 87A is the additional rebate availed by the Finance Minister to assessee whose Taxable Income (after deduction under chap VIA) does not exceed Rs 5,00,000. After the said rebate Education Cess @ 3% is to be calculated.
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