Hi I am planning to write CA exam. May I know THE DEDUCTIONS FROM SALARY INCOME UNDER SECTION 16?
Dear, Ganesh... Section 16 is the Income Tax Act For Salary Deduction ... Income Tax Act (section 16) provides allowable deductions from All Salary income. In section 16 (Income Tax Act) there are all 3 deductions (two now) Under Section 16, provided in three different clauses. all these three clauses are given below. * Clause A of Section 16 Allows a Standard Deduction, * Clause B of section 16 Allows Deduction For Entertainment Allowance. * Clause A Of Section 16 Allows Deduction For Professional Tax .
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