https://www.taxtmi.com/acts?id=49154 Rebate allows resident individual assessees a deduction against income-tax where total income falls below specified thresholds: at the lower threshold the deduction equals the lesser of full tax payable or a fixed cap; for incomes chargeable under the specified tax computation provision the rebate is either the lesser of full tax or a larger cap, or the income-tax payable reduced by the excess over the higher threshold; deduction cannot exceed tax payable under the applicable rates. en-us Fri, 14 Feb 2025 17:16:47 +0530 Fri, 14 Feb 2025 17:16:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49154 Rebate allows resident individual assessees a deduction against income-tax where total income falls below specified thresholds: at the lower threshold the deduction equals the lesser of full tax payable or a fixed cap; for incomes chargeable under the specified tax computation provision the rebate is either the lesser of full tax or a larger cap, or the income-tax payable reduced by the excess over the higher threshold; deduction cannot exceed tax payable under the applicable rates. Act-Rules Bills Fri, 14 Feb 2025 17:16:47 +0530 https://www.taxtmi.com/acts?id=49154