Relief under Section 87A:
An Individual assessee is entitled to claim relief under Section 87A if following conditions are satisfied:
a) Such individual is resident in India (Ordinarily or Not-ordinarily);
b) The total income (gross total income less deductions under Chapter VIA) of such individual does not exceed Rs. 5,00,000
The relief available under this section shall be lower of following:
1) Rs. 2,000; or
2) 100% of tax payable on total income.
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