https://www.taxtmi.com/acts?id=50402 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. en-us Mon, 24 Mar 2025 17:54:18 +0530 Mon, 24 Mar 2025 17:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50402 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. Act-Rules F. Acts / Amendment Acts Mon, 24 Mar 2025 17:54:18 +0530 https://www.taxtmi.com/acts?id=50402