Rebate of income-tax in case of certain individuals

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....mputed before allowing the deductions under this Chapter) on his total income with which he is chargeable for any assessment year, of an amount equal to hundred per cent of such income-tax or an amount of ^4[^6[twelve thousand and five hundred] rupees], whichever is less. ^7[Provided that where the total income of the assessee is chargeable to tax under sub-section (1A) of section 115BAC, and t....

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....t equal to the amount by which the income-tax payable on such total income is in excess of the amount by which the total income exceeds ^10B[twelve hundred thousand rupees].] ^11[Provided further that the deduction under the first proviso, shall not exceed the amount of income-tax payable as per the rates provided in sub-section (1A) of section 115BAC.]     *************....

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....is chargeable for any assessment year, of an amount equal to the income-tax calculated at the average rate of income-tax on a sum- (i) which, in the case of an individual who has one such child, shall not exceed two thousand rupees or twenty-five per cent of his total income, whichever is less; and (ii) which, in the case of an individual who has more than one such child, shall n....

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....f 01-04-2020 before it was read as, "two thousand five hundred" 7. Inserted vide Section 44 of the Finance Act 2023 w.e.f. 01-04-2024 8. Substituted vide Section 20 of the Finance Act, 2025 dated 29-03-2025 w.e.f. 01-04-2026 before it was read as, "seven hundred thousand rupees" 9. Substituted vide Section 20 of the Finance Act, 2....