Deduction of tax at source-Income-tax deduction from salaries during the financial year 1986-87 under section 192 of the Income-tax Act, 1961

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ated 4/8/1986 From             Shri B. Nagarajan,             Secretary, Central Board of Direct Taxes. To             All State Governments including            ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ted 9th July, 1986.** 2. As a result of this amendment, the quantum of exemption allowable on account of the grant of special allowance to meet expenditure on payment of rent shall be:- (a) The actual amount of such allowance received by an employee in respect of the relevant period; or (b) The actual expenditure incurred in payment of rent in excess of 1/10th of the salary due for the re....