Amendment of section 17

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..... "(va) any payment received by an employee in respect of any period of leave not availed of by him;"; (ii) in clause (2),- (a) in sub-clause (iv), the word "and" shall be omitted; (b) in sub-clause (v), the word "and" shall be inserted at the end; (c) after sub-clause (v), the following sub-clause shall be inserted, namely: - '(vi) where the employer has advanced any loan to the empl .....

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..... lculated in the prescribed manner on such loan at the rate so specified and the interest charged by the employer: Provided that this sub-clause shall not apply in the case of- (1) an employee of the Central Government or any State Government; or (2) an employee, not being an employee referred to in paragraph (a) or paragraph (b) of sub-clause (iii), whose income under the head "Salaries", ex .....

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