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of <h1>Direct Taxes Code Bill, 2009: Key Salary Deductions and Allowances Explained, Including Gratuity and Pension Benefits.</h1> Deductions from gross salary under the Direct Taxes Code Bill, 2009, include various allowances and benefits. These deductions cover employment tax, travel expenses between residence and work, special allowances for job-related expenses, and amounts related to voluntary retirement or termination. Gratuity received upon retirement, incapacitation, or death, as well as death-cum-retirement gratuity under the Payment of Gratuity Act, are deductible. Pension commutation and pensions for gallantry award recipients are also included. Deductions for retirement-related payments are contingent on depositing these amounts in a Retirement Benefits Account as per government-prescribed schemes.
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