https://www.taxtmi.com/acts?id=51687 A resident individual may claim a rebate of income-tax up to the lesser of full tax payable and a statutory cap: if total income Rs. 500000, 100% of tax payable or Rs. 12500, whichever is less; where income is chargeable under the specified provision, if income twelve lakh rupees, 100% of tax payable or Rs. 60000, whichever is less, and if income exceeds twelve lakh rupees the deduction equals the excess of tax payable over the amount by which total income exceeds twelve lakh rupees; deductions are capped at tax payable under applicable rates. en-us Thu, 14 Aug 2025 11:09:52 +0530 Fri, 05 Sep 2025 13:03:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51687 A resident individual may claim a rebate of income-tax up to the lesser of full tax payable and a statutory cap: if total income Rs. 500000, 100% of tax payable or Rs. 12500, whichever is less; where income is chargeable under the specified provision, if income twelve lakh rupees, 100% of tax payable or Rs. 60000, whichever is less, and if income exceeds twelve lakh rupees the deduction equals the excess of tax payable over the amount by which total income exceeds twelve lakh rupees; deductions are capped at tax payable under applicable rates. Act-Rules Income Tax Thu, 14 Aug 2025 11:09:52 +0530 https://www.taxtmi.com/acts?id=51687