Tax rebate for resident individuals reduces income tax payable when total income falls below specified thresholds, subject to computation rules.

Rebate allows resident individual assessees a deduction against income-tax where total income falls below specified thresholds: at the lower threshold the deduction equals the lesser of full tax payable or a fixed cap; for incomes chargeable under the specified tax computation provision the rebate is either the lesser of full tax or a larger cap, or the income-tax payable reduced by the excess over the higher threshold; deduction cannot exceed tax payable under the applicable rates.

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