Section 3 - Amendment of section 10 - Direct Taxes (Amendment) Act, 1964

3. Amendment of section 10. In section 10 of the Income-tax Act, after clause (13) the following clause shall be inserted, namely: (13A) any special allowance specifically granted to an assessee by his employer to meet expenditure actually incurred on payment of rent (by whatever name called) in respect of residential accommodation occupied by the assessee, to such extent (not exceeding three hundred rupees per month) as may be prescribed having regard to the area or place in which such accommodation is situate and other relevant considerations; .