Is Section 87A continue after Budget 2014? Plus Automated TDS on Salary for Only Private Employees for the Financial Year 2014-15

Click
above link to download the All in One Income Tax Calculator for
Financial Year 2014-15 ( This Excel Utility can prepare at a time Tax
Compute Sheet + HRA Exemption+Form 16 Part A&B and Part B only for
Private Employees)

Section 87A after Budget 2014

The
existence of section 87A after budget 2014, since there were no words
on the section 87A in the budget, many of our readers are eager to know
whether the section 87A still exists or faded away like section 80EE.??

There
is good news for all assessees who are getting benefited by section 87A
because it will continue to give benefit this year also. Since section
87A is neither withdrawn nor was it for a particular year like section
80EE, so it still holds the ground. Even the Online Tax Calculator present on the Income Tax Site also calculates tax after taking tax rebate u/s 87A into account.

Thus
assessee having gross total income between Rs.2.5 lakh to Rs.5 lakh are
still able to reduce their tax liability by Rs 2,000. Essentially,
there is NIL tax liability for annual income up to Rs.2.70 lakh. Calculate your Income tax by this Excel Based Income Tax Preparation Software for the Financial Year 2014-15

Click here to download the All in One Income Tax Calculator for the Financial Year 2014-15
(Prepare at a time Automated Tax Compute Sheet + HRA Calculation + Form
16 Part B and Part A&B for the Private employees for the Financial
Year 2014-15
)

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