Amendment of section 88

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....dual, or a Hindu undivided family, shall be entitled to a deduction, from the amount of income-tax (as computed before allowing the deductions under this Chapter) on his total income with which he is chargeable for any assessment year, of an amount equal to- (i) in the case of an individual or a Hindu undivided family, whose gross total income before giving effect to deductions under Chapter VI....

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....ent, of the aggregate of the sums referred to in sub-section (2); (iii) in the case of an individual or a Hindu undivided family, whose gross total income before giving effect to deductions under Chapter VI-A, exceeds five lakh rupees, nil.'; (b) in sub-section (2), the words "out of his income chargeable to tax" shall be omitted; (c) after sub-section (2), the following sub-section shall....

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....ousand rupees: Provided that where the aggregate of any sums specified in clause (i) to clause (xv) of sub-section (2) exceeds an amount of seventy thousand rupees, a deduction under sub-section (1) in respect of such sums shall be allowed with reference to so much of the aggregate as does not exceed an amount of seventy thousand rupees: Provided further that where the aggregate of any sums ....