Comparison of Section 156 "Rebate of income-tax in case of certain individuals." between the Income-Tax Act, 2025 (as passed) and the Income-Tax Bill, 2025 (as originally introduced)
3 September, 2025
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Tax rebate for resident individuals: post calculation reduction of tax up to capped amounts with special formula for higher incomes. A deduction from income tax payable is available to resident individual assessees in specified income bands: tax is computed first and then reduced by a ... Summary
Tax rebate for resident individuals: post calculation reduction of tax up to capped amounts with special formula for higher incomes.
A deduction from income tax payable is available to resident individual assessees in specified income bands: tax is computed first and then reduced by a rebate subject to fixed monetary caps; for incomes above the higher threshold a formulaic reduction by the excess income is prescribed, and any deduction is capped so it does not exceed tax payable under the referenced computation provision.
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