Income Tax Deductions Under Section 87a

Rebate Of income-tax In Case Of Certain Individuals
Rebate of income-tax in case of certain individuals 187A. An to a deduction, from the amount of income-tax (as computed before allowing the deductions under this of such income-tax or an amount of two thousand rupees, whichever is less 1 Section introduced with effect from ... Access Content

Income From House Property - Income Tax Department
The assessee is the owner shall be subject to Income-tax under the head „Income. Deductions from income from house Property [Sec.24] Income chargeable under the head Income“ from house property” shall be computed after ... Read Content

Computation Of Total Income And Tax Payable
Computation of Total Income and Tax • Other Deductions – Deduction under section 80U in case of a • Rebate of upto ` 2,000 from income-tax is available under section 87A, for resident individuals having total income upto ` 5 lakh. ... Get Content Here

Income tax In India - Wikipedia
Income tax in India It Ministry of Finance has notified certain deductions from Gross Total Income of an [not being “advance tax” in respect of any income chargeable to tax under Chapter XII or Chapter XII-A or income chargeable to tax under section 115JB or section 115JC ... Read Article

SECTION 192 OF THE INCOME-TAX ACT, 1961 -DEDUCTION OF TAX ...
Section 192 of the income-tax act, 1961 -deduction of tax atsource - salary -income-tax deduction from salaries under section 192 during the financial year 2012-13 ... Access This Document

Income Tax Video Classes For AY 2016-17 - YouTube
Income Tax Video Classes For AY 2016-17 Manoj kumar Jain. Loading Residential Status Of An Individual Under Income Tax Act Video Classes Online Offline Lectures - Duration: Section 87A Rebate. Taxation Video lectures. AY 2016-17 - Duration: ... View Video

Tax Rates Financial Year 2015-2016 - Pnbrwa.com
($) Less: Rebate under Section 87A [see Note] Add: Surcharge and Education Cess [see Note] Note: Surcharge: The amount of income-tax shall be increased by a surcharge at the rate ... Fetch Here

8 Computation Of Total Income And Tax Payable
8 Computation of Total Income and Tax Payable • Other Deductions – Deduction under section 80U in case of a person with disability • Rebate of upto ` 2,000 from income-tax is available under section 87A, ... Read More

Rebate To Be Allowed In Computing income-tax.
Rebate to be allowed in computing income-tax. 87. (1) In computing the amount of income-tax on the total income of an assessee with The aggregate amount of the deductions under 3section 87A or 4section 88or section 88A [or section 88B] [or ... Return Document

Income Tax Rates For Assessment Year 2015-16 This Part Is ...
Net income range Income-tax rates Surcharge Education cess Secondary and higher education cess Up to Rs. 5,00,000 Nil Nil Nil Nil Rs. 5,00 5,00,000) can avail rebate under section 87A. It is deductible from income-tax before calculating ... Read Full Source

Income Tax Calculation Worksheet Innoserv Solutions Private ...
Income Tax Calculation Worksheet 09/02/2016 Employee: Swapnil Malpathak rebate u/s 87A 20. 317,790 0 1,779 0 1,832 753 53 1,832 5,000 6,779 138,212 456,000 456,000 Deductions under Chapter VI-A (A) Section 80C, 80CCC and 80CCD Gross Amount Qualifying Amount Deductible ... Read More

Data Sheet For Computation Of Income Tax For The Financial ...
Data Sheet for computation of Income Tax for the financial year 2016-17 1 PAN Number For claiming the above tax deductions, Rebate of Rs.5,000/- under section 87A in the case of resident individual ... Retrieve Content

The Chart Given Below Describes The deductions Allowable ...
The chart given below describes the deductions allowable under chapter VIA of the I.T. Act from the Income Tax Deduction Under section 80CCC 80CCD WEF A.Y. 2014-15. – Section 87A – Income Tax Rebate 80RRB Deduction in respect of any income by way of royalty in respect of a ... Read Full Source

NATIONAL INSTITUTE OF TECHNOLOGY CALICUT
NATIONAL INSTITUTE OF TECHNOLOGY CALICUT. Wednesday, October 22, Tax Credit under section 87A is not admissible to Super Senior Citizens. will be issued to the employees under section 203 of the Income-tax Act for tax deducted at source from salary. ... Retrieve Here

Thursday, November 17, 2016 Income Tax 2016-17 (A.Year 2017 ...
Section 87A – Rebate of Income Tax for Taxable income up to Rs. 5 Lakh Deductions allowed under Chapter VI A of Income Tax Act Deduction Limit – Sec 80CCE. As per Section 80CCE, deduction can be claimed upto Rs. 1,50,000 for the ... Access This Document

Section - 87A, Income-tax Act, 1961 - 2015
Section - 87A, Income-tax Act, 1961 - 2015 84 allowing the deductions under this Chapter) assessment year, of an amount equal to hundred per cent of such income-tax or an amount of two thousand rupees, whichever is less.] 84. ... Doc Viewer

Deduction Of tax At Source - Income ... - Income Tax Department
Under section 192 of the income-tax act, 1961 during the financial year 2016-17 5.5 deductions under chapter vi-a of the act 19 6 rebate of rs.5000 for individual having total income upto rs. 5 lakhs (section 87a) 27 ... Access Document

The Maximum tax Exemption Limit under Section 80C EPF
The maximum tax exemption limit under Section 80C the rebate u/s 87A will be restricted up to income tax liability only. above „Income Tax Deductions 2016-17‟ are applicable for financial year 2016-2017 ... Document Retrieval

Income Tax Deductions For FY 2016-17 (AY 2017-18) List Of ...
List of important Income Tax Exemptions To claim Tax deductions under Section 80DDB, it is mandatory for an individual to Tax rebate under Section 87A has been raised from Rs 2,000 to Rs 5,000 for FY 2016-17 (AY 2017-18). ... Read Full Source

S. 87A Income Tax Credit/Rebate of Rs. 2,000 – FAQ Frequently Asked Questions (FAQ’s) This has been made possible by inserting a new section 87A in the Income Tax Act, allowing the deductions under this Chapter) ... Fetch Document