Section-156 : Rebate of income-tax in case of certain individuals

1. Section-156 as per act

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 (computed before allowing the deduction under this section) chargeable on the total income for any tax year if the total income does not exceed five lakh rupees.
2. Where the total income of a resident individual assessee for any tax year is chargeable to tax under section 202(1), then from income-tax (computed before allowing the deduction under this section) following deductions shall be allowed, if—
   
   
   1. the income does not exceed twelve lakh rupees, 100% of the income-tax payable or sixty thousand rupees, whichever is less;
   2. the income exceeds twelve lakh rupees, the income-tax payable on the total income, reduced by total income which is in excess of twelve lakh rupees.
3. The deduction under sub-section (2), shall not exceed income-tax payable as per the rates provided in section 202(1)

2. Help and useful links for Section-156

1. Income Tax Help Center
2. Income Tax Act 2025 Home
3. Rebate u/s 87A and Marginal Tax Relief — Explained