Income-tax Act, 1961
Section - 16 - Deductions from salaries
Deductions from salaries.16. The income chargeable under the head "Salaries" shall be computed after making the following deductions, namely :-
| (i) | - | [***] |
| (ia) | - | a deduction of fifty thousand rupees or the amount of the salary, whichever is less: |
| - | 6[Provided that in a case where income-tax is computed under clause (ii) 6a[or clause (iii)] of sub-section (1A) of section 115BAC, the provisions of this clause shall have effect as if for the words "fifty thousand rupees", the words "seventy-five thousand rupees" had been substituted;] | |
| (ii) | - | a deduction in respect of any allowance in the nature of an entertainment allowance specifically granted by an employer to the assessee who is in receipt of a salary from the Government, a sum equal to one-fifth of his salary (exclusive of any .... To read the full section download the app from Google Play store
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