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<h1>Income Tax Act Amended: Section 17 Exemption for Employees with Salary Under One Lakh Rupees in 2002 Assessment Year</h1> In the Finance Act, 2002, an amendment to section 17 of the Income-tax Act introduces a new proviso in clause (2). This proviso specifies that for the assessment year starting April 1, 2002, the clause does not apply to employees whose salary income, excluding the value of non-monetary perquisites, does not exceed one lakh rupees.