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TMI BlogDeductions from salariesX X X X Extracts X X X X X X X X Extracts X X X X ..... tax is computed under clause (ii) of sub-section (1A) of section 115BAC, the provisions of this clause shall have effect as if for the words "fifty thousand rupees", the words "seventy-five thousand rupees" had been substituted;] 2[(ii) a deduction in respect of any allowance in the nature of an entertainment allowance specifically granted by an employer to the assessee who is in receipt of a sa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... forty per cent of the salary or thirty thousand rupees, whichever is less; (B) exceeds five lakh rupees, a deduction of a sum of twenty thousand rupees;" Earlier clause (i) was amended by the Finance Act, 1974, w.e.f. 1-4-1975, Finance (No. 2) Act, 1980, w.e.f. 1-4-1981, Finance Act, 1981, w.e.f. 1-4-1982, Finance Act, 1982, w.e.f. 1-4-1983, Finance Act, 1983, w.e.f. 1-4-1984, Taxation Laws ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... w.e.f. 1-4-1975. 4. Omitted by the Finance Act, 1974, w.e.f. 1-4-1975. Earlier, clause (iv) was substituted/amended by the Finance Act, 1968, w.e.f. 1-4-1968, the Finance Act, 1969, w.e.f. 1-4-1970, the Finance Act, 1970, w.e.f. 1-4-1971 and the Finance (No. 2) Act, 1971, w.e.f. 1-4-1972. 5. Omitted by the Finance Act, 1974, w.e.f. 1-4-1975. 6. Inserted vide THE FINANCE ACT, 2018 w.e.f. 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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