Rebate of income-tax for resident women under senior age threshold permits deduction from tax liability subject to statutory cap. Section 88C grants a rebate of income-tax to an assessee who is a resident woman below the senior age threshold in the previous year, entitling her to a deduction from the income-tax chargeable for an assessment year (computed before allowing deductions under the Chapter) equal to the income-tax or a specified statutory cap, whichever is less.
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 resident women under senior age threshold permits deduction from tax liability subject to statutory cap.
Section 88C grants a rebate of income-tax to an assessee who is a resident woman below the senior age threshold in the previous year, entitling her to a deduction from the income-tax chargeable for an assessment year (computed before allowing deductions under the Chapter) equal to the income-tax or a specified statutory cap, whichever is less.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
