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TypeBare Act JurisdictionCentral Government

Finance Act, 2003 Section 13

AMENDMENT OF SECTION 16 In section 16 of the Income tax Act,-for clause

~1 min read
https://sooperkanoon.com/act/250375

Bare act section · Research

About this section

Finance Act, 2003 Section 13 is part of Finance Act, 2003 - AMENDMENT OF SECTION 16 In section 16 of the Income tax Act,-for clause. Read the section text below and explore Indian court judgments that cite it.

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Section Text

i), the following clause shall be substituted with effect from the 1st day of April, 2004, namely :- "(i) in the case of an assessee whose income from salary, before allowing a deduction under this clause,-

(A) does not exceed five lakh rupees, a deduction of a sum equal to 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;".

Frequently asked questions

What does Finance Act, 2003 Section 13 provide?

Section Section 13 of the Finance Act, 2003 (AMENDMENT OF SECTION 16 In section 16 of the Income tax Act,-for clause) is reproduced on this page as part of the Finance Act, 2003. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act, 2003 Section 13?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2003 Section 13. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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