1,2(1) In computing the amount of income-tax on the total income of an assessee with which he is chargeable for any assessment year, there shall be allowed from the amount of income-tax (as computed before allowing the deductions under this Chapter), in accordance with and subject to the provisions of 3 4 sections 87A, 88, 88A, 88B, 88C, 88D and 88E, the deductions specified in those sections.
(2) The aggregate amount of the deductions under 5 section 87A or section 88
or section 88A 6 or section 88B 7 or section 88C 8 or section 88D or section 88E
shall not, in any case, exceed the amount of income-tax (as computed before
allowing the deductions under this Chapter) on the total income of the assessee
with which he is chargeable for any assessment year.
------------------------
1. Subs. by Act 12 of 1990, s. 30, for Heading (w.e.f. 1-4-1991).
2. Ins. by s. 30, ibid. (w.e.f. 1-4-1991).
3. Subs. by Act 23 of 2004, s. 20, for "section 88, 88A, 88B and 88C" (w.e.f.
1-4-2005). Earlier section amended by Act 18 of 1992, s. 50 (w.e.f. 1-4-1993)
and Act
. 4. Subs. by Act 17 of 2013, s. 21, for "sections 88" (w.e.f. 1-4-2014).
5. Subs. by Act 17 of 2013, s. 21, for "section 88" (w.e.f. 1-4-2014).
6. Ins. by Act 18 of 1992, s. 50 (w.e.f. 1-4-1993).
7. Ins. by Act 10 of 2000, s. 45 (w.e.f. 1-4-2001).
8. Ins. by Act 23 of 2004, s. 20 (w.e.f. 1-4-2005).
Section 87 Rebate to be allowed in computing income-tax
Section 87A Rebate of income-tax in case of certain individuals
Section 88 Rebate on life insurance premia, contribution to provident fund, etc
Section 88E Rebate in respect of securities transaction tax
Section 89 Relief when salary, etc., is paid in arrears or in advance
Section 90 Agreement with foreign countries or specified territories
Section 91 Countries with which no agreement exists
Section 92 Computation of income from international transaction having regard to arms length price