# The Finance Act, 1981, Section 4: Amendment of section 16

- Act: The Finance Act, 1981 (Act 16 of 1981)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1981/section/4/

## Text

Amendment of section 16. 4. In section 16 of the Income-tax Act, in clause (i), with effect from the 1st day of April, 1982,— (a) for the portion beginning with the words "a sum calculated" and ending with the words "whichever is less", the following shall be substituted, namely:— "a sum equal to twenty per cent. of the salary or five thousand rupees, whichever is less"; (b) in the proviso, clause (i) shall be omitted. [Finance Act, 1981] © Copyright. Taxmann Publications Pvt. Ltd.

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