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An assessee, being an individual resident in portable counter strike 1.6 full India, whose total game battle realms winter of the wolf full income does not exceed five hundred thousand rupees, shall be entitled to a deduction, from the amount of income-tax (as computed before allowing the deductions under this Chapter) on his total income with which.
87A Available to individual resident in India whose total income does not exceed five hundred thousand rupees.
Rebate under section 87A available to both Male and Female assesses.
So in our our view Rebate U/s.In both the Act mentioned above Section 87A has not restricted the exemption to any particular Financial or Assessment year. .Rs.1,20,000 30 of the amount exceeding 10,00,000.If the total tax payable by is less than.Plus 3 education cess on the tax calculated as above.Further, limit to get deduction under section 80C is increased.Word five shall be sub.
Key Points, amended Section 87A is applicable from 1st April, 2014 and will, accordingly, apply in relation to the assessment year 2014-15 and subsequent assessment years.
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Person with Age of less than 60 years scenario 1 scenario 2 scenario 3 scenario 4, gross Total Income 2,70,000 3,70,000 4,20,000 4,20,000, less:Deductions u/s.
80C Eligible upto.5000/- for Financial Year 2015-16?For Individuals aged 60 years and above but below 80 years (Senior Citizen Income, tax Rate, upto 3,00,000, nil 3,00,000 to 5,00,000 10 of the amount exceeding 3,00,000 5,00,000 to 10,00,000,.20,000 20 of the amount exceeding 5,00,000 10,00,000 above.But, this site does not make any claim regarding the information provided on its pages as correct and up-to-date.87A is Available to Resident Individuals for.Y.Rs.1,25,000 30 of the amount exceeding 10,00,000.The contents of this site cannot be treated or interpreted as a statement of law.