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of <h1>Section 80S repealed: former 25% deduction (max Rs.100,000) for compensation income under section 28(ii) removed in 1987</h1> Section 80S of the Income-tax Act, originally inserted in 1968 and amended in 1973, provided that where an assessee other than a company included compensation or similar payments chargeable as business or professional income under section 28(ii), a deduction equal to 25% of that income (capped at Rs.100,000) was allowed in computing total income. That provision was subsequently omitted by legislation effective 1 April 1987, so Section 80S no longer operates.
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