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of <h1>Tax Rebate Eliminated: Income Exemption for Indian Residents Scrapped Through Legislative Changes in 2004-2005</h1> The statutory provision concerns a tax rebate for individual residents in India. Originally, individuals with total income up to 100,000 rupees were entitled to a 100% income tax deduction. For those with income exceeding 100,000 rupees, a partial tax deduction was available. However, the provision was subsequently omitted via legislative amendments in 2004 and 2005, effectively removing the specific tax rebate mechanism from the Income Tax Act, 1961.
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