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Section 88B – Income Tax Act, 1961

Income Tax Act, 1961

 

Section 88B. REBATE OF INCOME-TAX IN CASE OF INDIVIDUALS OF SIXTY-FIVE YEARS OR ABOVE.

 

An assessee, being an individual resident in India, who is of the age of sixty-five years or more at any time during the previous year shall be entitled to a deduction from the amount of income-tax (as computed 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 ten thousand rupees, whichever is less.

 

 

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Income Tax Act, 1961 

 

Indian Laws – Bare Acts

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