Rebate of income-tax in case of certain individuals.87A.
An assessee, being an individual resident
in India, whose total income
does not exceed 19
[three hundred fifty thousand
] rupees, 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 20
[two thousand and five hundred
] rupees, whichever is less.