Indian Income-Tax Act, 1922
Section - 58F - Exemption of employees' contributions from income-tax
[58F. Exemption of employees' contributions from income-tax.—An employee shall not be liable to pay income-tax on his own contributions to his individual account in a recognised provident fund in so far as the aggregate of such contributions in any year does not exceed one-fifth of his salary in that year or eight thousand rupees, whichever is less.]
Substituted by s. 10, F. (No. 2) Act, 1957, w.e.f. 1-4-1957 for making deduction of income-tax under sub-s. (2) or (2B) of s. 18, and w.e.f. 1-4-1958 for other purposes.
[As amended up to date]
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