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of <h1>Income Tax Bill 2025: Clause 155 limits deductions to not exceed pre-deduction tax on total income.</h1> In the Income Tax Bill, 2025, Chapter IX addresses rebates and reliefs in computing income tax. Clause 155 specifies that when calculating an assessee's income tax for a given year, deductions outlined in section 156 are permitted, but these deductions cannot exceed the pre-deduction income tax on the assessee's total income. This ensures that the allowable deductions do not surpass the calculated tax liability before applying any rebates or reliefs.
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