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        Income Tax

        Section 88B - Omitted

        Income-tax Act, 1961
        Part A
        Rebate of income-tax

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        Rebate of income-tax for senior individuals removed following statutory omission, altering eligibility and benefit structure. Rebate of income-tax for resident individuals aged sixty-five years and above allowed a deduction from tax liability where gross total income did not exceed prescribed limits; successive amendments changed the rebate from a percentage of tax to specified rupee caps and ultimately to a full rebate subject to a monetary ceiling, computed before deductions under Chapter VI-A, and the provision was later omitted by finance legislation.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            Rebate of income-tax for senior individuals removed following statutory omission, altering eligibility and benefit structure.

                            Rebate of income-tax for resident individuals aged sixty-five years and above allowed a deduction from tax liability where gross total income did not exceed prescribed limits; successive amendments changed the rebate from a percentage of tax to specified rupee caps and ultimately to a full rebate subject to a monetary ceiling, computed before deductions under Chapter VI-A, and the provision was later omitted by finance legislation.


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