https://www.taxtmi.com/acts?id=49016 Deductions from salary income are enumerated categories including tax on employment, a standard deduction, gratuities, commuted pension, retrenchment compensation, voluntary retirement payments and leave encashment, with each category subject to either full exemption, prescribed formulaic limits, or notification based ceilings. Aggregation rules cap combined deductions across employers or years, earlier exemptions reduce current allowances, and statutory definitions and approval conditions govern eligibility for specified scheme based payments. en-us Fri, 14 Feb 2025 16:09:49 +0530 Fri, 14 Feb 2025 16:09:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49016 Deductions from salary income are enumerated categories including tax on employment, a standard deduction, gratuities, commuted pension, retrenchment compensation, voluntary retirement payments and leave encashment, with each category subject to either full exemption, prescribed formulaic limits, or notification based ceilings. Aggregation rules cap combined deductions across employers or years, earlier exemptions reduce current allowances, and statutory definitions and approval conditions govern eligibility for specified scheme based payments. Act-Rules Bills Fri, 14 Feb 2025 16:09:49 +0530 https://www.taxtmi.com/acts?id=49016