whatsapp (stdnt) (52 Points)
28 March 2015PLZ answer this....
in sec 91 when we calculate rebate... then while calculating average rate of tax...do we have to deduct th rebate of rs.2000 u/s 87A from th tax payble.... nd thn calclulate th rebate u/s 91 (for foreign income)
or both th rebates r independent of each other. ?????
whatsapp
(stdnt)
(52 Points)
Replied 28 March 2015
Q. foreign income 1lac. taxed in foreign @ 20% .
.
indian income 3lacs senior citizen resident in india. amt contributed to ppf 80c = 32000
/
option (a) - 91 ki relief calc krne k lye tax me se 87A ki relief phle deduct dege kya? ie 6800-2000= 4800 +3% =4944 /368000*100000 =1343
.
or
option (b) - 300000+100000 =400000-32000 =368000 tax = 7004 sec91= 7004/368000*100000 =1903 rebate
.
plz reply answer option a or b ?
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