Employment expenditure deduction: revised percentage-based calculation with statutory caps and stricter limits where employer provides conveyance or vehicles. The amendment revises the deduction for expenditure incidental to the employment to a two-tier salary-linked calculation-a percentage for lower salaries and a base-plus-percentage for higher salaries-subject to an overall monetary cap; the deduction is further limited where the assessee receives a conveyance allowance or is provided or permitted use of employer vehicles otherwise than wholly and exclusively for duties. Clauses (iii), (iv) and (v) of section 16 are omitted.
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Provisions expressly mentioned in the judgment/order text.
Employment expenditure deduction: revised percentage-based calculation with statutory caps and stricter limits where employer provides conveyance or vehicles.
The amendment revises the deduction for expenditure incidental to the employment to a two-tier salary-linked calculation-a percentage for lower salaries and a base-plus-percentage for higher salaries-subject to an overall monetary cap; the deduction is further limited where the assessee receives a conveyance allowance or is provided or permitted use of employer vehicles otherwise than wholly and exclusively for duties. Clauses (iii), (iv) and (v) of section 16 are omitted.
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