Tax rebate for new tax regime filers revised to provide a capped benefit below a cutoff and a phased reduction above it. Amendment creates a two-tier rebate for taxpayers under the new tax regime: full-or-capped rebate below a lower income threshold, and a phase-out where rebate equals the excess of computed tax over the excess of total income above that threshold; rebate is computed on tax before deductions under the rebate chapter and applies from the stated assessment year.