Amendment of section 16
Amendment of section 16
9. In section 16 of the Income-tax Act, in clause (i), for the portion beginning with the words "a sum equal to" and ending with the words "whichever is less", the following shall be substituted with effect from the 1st day of April, 1989, namely:—
"a sum equal to thirty-three and one-third per cent of the salary or twelve thousand rupees, whichever is less".
[Finance Act, 1988]