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Deductions from salaries
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....re of an entertainment allowance specifically 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,....
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.... of the Finance Act, 1997 w.e.f. 01-04-1998 And was Amended vide Section 6 of the Finance (No. 2) Act, 1998 w.e.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 ....
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....such or as part of his salary, in respect of expenditure on traveling for the purposes of his employment, a sum calculated in respect of each calendar month or part thereof comprised in the period of 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 Ame....