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<h1>Income-tax Act Section 24 Amended: Deductions Increase from One Fifth to One Fourth, Fifteen to Thirty.</h1> Section 24 of the Income-tax Act is amended effective April 1, 1999, by the Finance (No. 2) Act, 1998. In sub-section (1), clause (i), the term 'one fifth' is replaced with 'one fourth.' Additionally, in the proviso to sub-section (2), the term 'fifteen' is replaced with 'thirty.'