Deductions from salaries

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....ifically granted by an employer to the assessee who is in receipt of a salary from the Government, a sum equal to one-fifth of his salary (exclusive of any allowance, benefit or other perquisite) or five thousand rupees, whichever is less;] 3[(iii) a deduction of any sum paid by the assessee on account of a tax on employment within the meaning of clause (2) of article 276 of the Constitution, leviable by or under any law.] (iv) 4[****] (v) 5[****]     ***************** NOTES:- 1. Omitted vide Section 6 of the Finance Act, 2005 w.e.f. 01-04-2006 before it was read as, "(i) in the case of an assessee whose income from salary, before allowing a deduction under this clause,- (A) does not exceed five lakh....

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.....f. 01-04-1999 And was Amended vide Section 12 of the Finance Act, 2001 w.e.f. 01-04-2002 And was Amended vide Section 13 of the Finance Act, 2003 w.e.f. 01-04-2004 2. Substituted vide Section 12 of the Finance Act, 2001 w.e.f. 01-04-2002 before it was read as, "(i) in the case of an assessee whose income from salary, before allowing a deduction under this clause,- (A) does not exceed one lakh fifty thousand rupees, a deduction of a sum equal to thirty-three and one-third per cent of the salary or thirty thousand rupees, whichever is less; (B) exceeds one lakh fifty thousand rupees but does not exceed three lakh rupees, a deduction of a sum of twenty-five thousand rupees; (C) exceeds three lakh rupees bu....

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.... his employment during the previous year, on the basis provided hereunder, namely :- (a) where the assessee owns a motor car which is used for the purposes of his employment Rs. 200; (b) where the assessee owns a motor cycle, scooter or other moped which is used for the purposes of his employment Rs. 75; (c) in any other case Rs. 50;" Earlier, Amended vide Third Schedule of the Finance Act, 1968 w.e.f. 01-04-1968  And was Amended vide Section 4 of the Finance Act, 1969 w.e.f. 01-04-1970  And was Amended vide Section 7 of the Finance Act, 1970 w.e.f. 01-04-1971 And was Amended vide Section 7 of the Finance (No. 2) Act, 1971 w.e.f. 01-04-1972 5. Omitted vide Section 4 of the Finance Act, 1974 w.e....