# The Finance Act, 1964, Section 22: Insertion of new sections 99A and 99B

- Act: The Finance Act, 1964 (Act 5 of 1964)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1964/section/22/

## Text

Insertion of new sections 99A and 99B 22. In Chapter XI-C of the Income-tax Act, before section 100, the following sections shall be inserted, namely :— Rebate on life insurance premia, annuities and contributions to provident funds, etc "99A. Where under the provisions of section 87, an assessee is entitled to a deduction of income-tax in respect of any sum referred to in sub-section (1) of that section, he shall also be entitled, subject to the provisions of sub-section (4) of that section, to a deduction, from the amount of super-tax with which he is chargeable on his total income, of an amount equal to the super-tax calculated at the average rate of super-tax on such sum. Rebate of super-tax in certain cases 99B. Where under the provisions of section 87A, an individual, being a resident, who is not a citizen of India is entitled to a deduction of income-tax in respect of any sum referred to in that section, he shall also be entitled to a deduction, from the amount of super-tax with which he is chargeable on his total income, of an amount equal to the. super-tax calculated at the average rate of super-tax on such sum.". [Finance Act, 1964] © Copyright. Taxmann Publications Pvt. Ltd.

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