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Section52
The Finance Act, 1992

Insertion of new section 88B

In force Act 18 of 1992 As on 07 Oct 2026

Act 18 of 1992 Ministry Finance

Section 52 of the Finance Act, 1992 deals with insertion of new section 88B. Insertion of new section 88B. 52. After section 88A of the Income-fax Act, the following section shall be inserted, with effect from the 1st day of April, 1993, namely: — '88B.

Insertion of new section 88B.

52. After section 88A of the Income-fax Act, the following section shall be inserted, with effect from the 1st day of April, 1993, namely: —

'88B. Rebate of income-tax in case of individuals of sixty-five years and above.—An assessee, being an individual resident in India, who is of the age of sixty-five years or more at any time during the previous year and whose gross total income does not exceed 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 ten per cent, of such income-tax.

Explanation.—For the purposes of this section, "gross total income" means the total income computed in accordance with the provisions of this Act; before making any deduction under Chapter VI-A.'.

[Finance Act, 1992]

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Section 52, The Finance Act, 1992 (Act 18 of 1992).

Questions about Section 52

What does Section 52 of the Finance Act deal with?

Section 52 of the Finance Act is headed "Insertion of new section 88B". Insertion of new section 88B. 52. After section 88A of the Income-fax Act, the following section shall be inserted, with effect from the 1st day of April, 1993, namely: — '88B.

How do I find court cases under Section 52 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1992 52, section 52 Finance Act 1992, section 52 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

When was the Finance Act enacted?

Finance Act was enacted in 1992 as Act 18 of 1992. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.