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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>New Section 80F: Indian citizens can deduct 50% of income from foreign educational institutions, capped at 36 months of service.</h1> A new Section 80F has been added to the Income-tax Act, effective from April 1, 1966, allowing Indian citizens a deduction on remuneration received from foreign educational institutions. If an individual, such as a professor, teacher, or research worker, earns income from a university or similar body outside India, they can deduct 50% of this income from their total taxable income. However, this deduction is not applicable if the individual provides continuous service exceeding 36 months at the foreign institution.