Hi!
Kindly clarify whether rebate u/s 87A for FY 2013-14 is applicable on the amount of taxable salary (after all deductions including chapter VI-A deduction) or from total earnings including basic, DA, HRA, Conveyance etc.
Thank you, Ronald
Ronald Jones (Accounts Officer) (34 Points)
15 October 2013Hi!
Kindly clarify whether rebate u/s 87A for FY 2013-14 is applicable on the amount of taxable salary (after all deductions including chapter VI-A deduction) or from total earnings including basic, DA, HRA, Conveyance etc.
Thank you, Ronald
Mihir
(Wealth Manager)
(5293 Points)
Replied 15 October 2013
This rebate u/s 87A shall be available to assessee whose income is less than 5 lacs. The total income tax shall be reduced by Rs. 2,000/- before availing deductions under chapter VI
https://wealth18.com/tax-credit-of-rs-2000-new-section-87a-announced-in-budget-2013-details/
sanjay
(teacher)
(22 Points)
Replied 13 November 2014
Hi! Kindly clarify whether rebate u/s 87A for FY 2014-15 is remained continue
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