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of <h1>Income Tax Bill 2025: Clause 93 Outlines Deductions for Income from Other Sources, Limits on Family Pensions</h1> Clause 93 of the Income Tax Bill, 2025, details deductions applicable to income categorized as 'Income from other sources.' It allows deductions for commissions or remunerations related to dividends or interest, certain specified incomes, family pensions, and other non-capital expenditures. Family pensions have specific limits on deductions, either one-third of the income or a set amount, whichever is lower. For certain income types, a 50% deduction is permitted with no additional deductions. Dividend income specified in section 2(40)(f) is not eligible for deductions, while other dividend income and mutual fund income allow interest expense deductions limited to 20% of such income.
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