1An assessee, being an individual resident in India, whose total income does
not exceed 2 3 five hundred thousand rupees, shall be entitled to a deduction,
from the amount of income-tax (as computed before allowing the deductions under
this Chapter) on his total income with which he is chargeable for any assessment
year, of an amount equal to hundred per cent of such income-tax or an amount of
4 5 twelve thousand and five hundred rupees, whichever is less.
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1. Ins. by Act 17 of 2013, s. 21 (w.e.f. 1-4-2014).
2. Subs. by Act 7 of 2017, s. 38, for "five hundred thousand rupees" w.e.f.
1-4-2018).
3. Subs. by Act 7 of 2019, s. 8, for "three hundred fifty thousand" (w.e.f.
1-4-2020).
4. Subs. by Act 7 of 2017, s. 38, for "five thousand rupees" (w.e.f. 1-4-2018)
and by Act 28 of 2016, s. 46, for "two thousand rupees" (w.e.f. 1-4-2017).
5. Subs. by Act 7 of 2019, s. 8, for "two thousand and five hundred" (w.e.f.
1-4-2020).
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