Relief u/s 87a
Sumit R Das (Article Assistant) (40 Points)
11 September 2015
Throw some Light on the provisions of Sec.87A of Income Tax Act,1961???
1 Replies
Kiran. S
(CTO)
(745 Points)
Replied 11 September 2015
If your Taxable income is less than 5 lakhs you get further relief upto tax calculated subject to max of 2000. After applying 87A add 3% cess.
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