Section – 15 : Salaries
February 27, 2018
Section – 17 : “Salary”, “perquisite” and “profits in lieu of salary” defined
February 27, 2018

Section – 16 : Deductions from salaries

16. The income chargeable under the head “Salaries” shall be computed after making the following deductions, namely:—

(i) [***]

(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 salary from the Government, a sum equal to one-fifth of his salary (exclusive of any allowance, benefit or other perquisite) or five thousand rupees, whichever is less;

(iii) a deduction of any sum paid by the assessee on account of a tax on employment within the meaning of clause (2) of article 276 of the Constitution, leviable by or under any law.

(iv) [***]

(v) [***]

Leave a Reply

Your email address will not be published. Required fields are marked *

− 7 = 3

Stay Connected

Never miss out on what’s new in GST,
Accounting, TDS, and Tax compliance.

Subscribe to our newsletter.

Connect with us on WhatsAapp.






Want to know more about HostBooks?

We'll help you out!






+ 86 = 95
Please contact me by: