Amendment to Section 80R: Deduction increased to higher of 50% remuneration or 75% brought to India, effective April 1991.
Section 80R of the Income-tax Act is amended, effective April 1, 1991, to change the deduction allowed from remuneration in computing an individual's total income. Previously, a deduction of 50% of the remuneration was allowed. The amendment allows a deduction of either 50% of the remuneration or 75% of the remuneration brought into India by or on behalf of the assessee, as per the Foreign Exchange Regulation Act, 1973, whichever is higher. Additionally, the proviso in this section is removed.
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