Section 22 - Insertion of new sections 99A and 99B - Finance Act, 1964

22. Insertion of new sections 99A and 99B In Chapter XI-C of the Income-tax Act, before section 100, the following sections shall be inserted, namely:- 99A. Rebate on life insurance premia, annuities and contributions to provident funds, etc.- 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. 99B. Rebate of super-tax in certain cases.- 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. .