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of <h1>Income Tax Deduction Increased: Section 16 Amended to Raise Deduction Limit from 50,000 to 75,000 Effective April 2025.</h1> Section 16 of the Income-tax Act has been amended by the Finance (No. 2) Act, 2024. Effective from April 1, 2025, a proviso is added to clause (ia) of section 16. This amendment specifies that when income tax is calculated under clause (ii) of sub-section (1A) of section 115BAC, the deduction amount will be increased from fifty thousand rupees to seventy-five thousand rupees.
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