Rebate of income-tax in case of certain individuals.

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....iduals. 156. (1) A resident individual assessee shall be entitled to a deduction of 100% of income-tax payable or twelve thousand five hundred rupees, whichever is less, from the income-tax (comput....

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....f- (a) the income does not exceed twelve lakh rupees, 100% of the income-tax payable or sixty thousand rupees, whichever is less; (b) the income exceeds twelve lakh rupees, the incom....