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Section 87: Rebate to be allowed in computing income-tax

The Income-tax Act, 1961Central Act · Act 43 of 1961

Repealed. This text is published for reference. It is not in force, and it should not be relied on as current law without checking what replaced it. Repealed by the Income-tax Act, 2025, with effect from 1 April 2026

CHAPTER VIII

REBATES AND RELIEFS]

A.—Rebate of income-tax

Rebate to be allowed in computing income-tax.

(1) In computing the amount of income-tax on the total income of an assessee with which he is chargeable for any assessment year, there shall be allowed from the amount of income-tax (as computed before allowing the deductions under this Chapter), in accordance with and subject to the provisions of sections 87A and 88E, the deductions specified in those sections.

(2) The aggregate amount of the deductions under section 87A or section 88E shall not, in any case, exceed the amount of income-tax (as computed before allowing the deductions under this Chapter) on the total income of the assessee with which he is chargeable for any assessment year.

Where this provision sits

ActThe Income-tax Act, 1961
Section87
Marginal noteRebate to be allowed in computing income-tax
JurisdictionCentral
StatusRepealed
Judgments citing it1

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