Dear. plz tell whether rebate of Rs. 2000 is deductible before 3percent education cess or after calculating cess on tax.
3 Replies
RAGHUVARAN NATARAJAN
(---)
(22 Points)
Replied 02 March 2014
Rs 2000 is deductible before education cess.
CA PANKAJ
(business consultant)
(288 Points)
Replied 03 March 2014
Yes 2000 is deductible before cess
manoj
(student)
(5205 Points)
Replied 03 March 2014
- If the total tax payable is less than Rs. 2000/-, rebate is restricted to “total tax payable”.
- Rebate benefit is not applicable to a super senior citizen, since he is already fully exempted up to Rs. 5 lakh
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