Sunday 22 September 2013

How to calculate income tax interest u/s 234 A, 234 B and 234 C

In this we will discuss about calculation of  interest u/s 234 A, 234 B and 234 C. I will first give you a easy to understand introduction about each section followed by an example which will further clarify your concept.

So let's get started!

Tax rebate under section 87a for A.Y 2017-18

Rebate under section 87A is provided so that the tax burden of the people with lower income can be reduced. And the benefit can be claimed...