Section Text
In section 87 of the Income tax Act,
(i) in clause (d) of sub section (1), for the words, figure and letter "to the extent provided in rule 7 of Part A of the Fourth Schedule", the words "in so far as the aggregate of such contributions does not exceed one fifth of his salary in that previous year or eight thousand rupees, whichever is less" shall be substituted;
(ii) in sub section (4), the words, figures and letter ",together with the amount of super tax deductible under section 99A," shall be omitted;
(iii) after sub section (4), the following sub section shall be inserted, namely :
(5) This section shall not apply in respect of
(i) the assessment year commencing on the 1st day of April, 1966, and any subsequent assessment year, in the case of an assessee whose total income includes any income chargeable under the head "Salaries" from which tax is deducted, or deductible, at source in accordance with the provisions of section 192; and
(ii) the assessment year commencing on the 1st day of April, 1965, and any subsequent assessment year in the case of any other assessee..