https://www.taxtmi.com/acts?id=46980 Amendment to section 16 substitutes clause (i) to prescribe a salary deduction computed either as a percentage of salary or a fixed cap, whichever is lower, thereby fixing the operative ceiling for the deduction and altering the basis and method by which salaried taxpayers claim the relevant deduction under section 16, effective from the commencement of the fiscal year stated in the amendment. en-us Fri, 03 Jan 2025 14:53:28 +0530 Fri, 03 Jan 2025 14:53:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46980 Amendment to section 16 substitutes clause (i) to prescribe a salary deduction computed either as a percentage of salary or a fixed cap, whichever is lower, thereby fixing the operative ceiling for the deduction and altering the basis and method by which salaried taxpayers claim the relevant deduction under section 16, effective from the commencement of the fiscal year stated in the amendment. Act-Rules F. Acts / Amendment Acts Fri, 03 Jan 2025 14:53:28 +0530 https://www.taxtmi.com/acts?id=46980