Income-tax Act, 1961 · Chapter VIII: Rebates and Reliefs · A.—Rebate of income-tax
Section 87: Rebate to be allowed in computing income-tax
The Income-tax Act, 1961 was repealed by the Income-tax Act, 2025 from 1 April 2026. The text is kept here because the judgments below apply it.
(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, 88], 88A, 88B, 88C, 88D and 88E], the deductions specified in those sections.
(2) The aggregate amount of the deductions under [section 87A or section 88] or section 88A [or section 88B] [or section 88C] [or section 88D 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.
Source: India Code (Legislative Department), the text of the Act as it stood before its repeal. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 87
No Supreme Court judgment in our database cites this section yet.