# The Finance Act, 2000, Section 48: Insertion of new section 88C

- Act: The Finance Act, 2000
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2000/section/48/

## Text

Insertion of new section 88C. 48. After section 88B of the Income-tax Act, the following sec­tion shall be inserted with effect from the 1st day of April, 2001, namely:— "88C. Rebate of income-tax in case of women below sixty-five years.—An assessee,— (a) being a woman resident in India; and (b) below the age of sixty-five years, at any time during the previous year, shall be entitled to a deduction from the amount of income-tax (as computed before allowing the deductions under this Chapter) on her total income, with which she is chargeable for any assess­ment year, of an amount equal to hundred per cent of such income-tax or an amount of five thousand rupees, whichever is less.". © Copyright. Taxmann Publications Pvt. Ltd.

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