Deductions from salaries

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.... 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 rupees, a deduction of a sum equal ....

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....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 but does not exceed five lakh rupees, a deduction ....