Income Tax Rebate u/s 89(1) Calculator updated on 25/07/2014

Friday, July 25, 2014 | comments

Friends  It has been noticed that there was an error in calculation for those employees who have total income exactly Rs. 5,00,000.00 in the financial year 2013-14 or in financial year 2014-15.   This calculator was not allowing rebate of Rs 2000/- under section 87A for those who are getting exactly total income Rs. 5 Lakh, but allowing rebate Rs. 2000/- who are getting total income less than 5 Lakh.  Now the same has been updated. 

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