Deductions from salaries: specified exemptions for standard deduction, gratuity, pension commutation and retrenchment compensation. Section 19 sets out items deductible from salary income, enumerating specific exemptible payments-tax on employment, a standard deduction, multiple types of gratuity, pension commutation, specified fund payments, retrenchment compensation, voluntary retirement receipts and leave encashment-and prescribes the applicable limits, formulas and qualifying schemes under which each such amount is to be allowed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deductions from salaries: specified exemptions for standard deduction, gratuity, pension commutation and retrenchment compensation.
Section 19 sets out items deductible from salary income, enumerating specific exemptible payments-tax on employment, a standard deduction, multiple types of gratuity, pension commutation, specified fund payments, retrenchment compensation, voluntary retirement receipts and leave encashment-and prescribes the applicable limits, formulas and qualifying schemes under which each such amount is to be allowed.
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