# The Finance Act, 1989, Section 13: Amendment of section 57

- Act: The Finance Act, 1989 (Act 13 of 1989)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1989/section/13/

## Text

Amendment of section 57 13. In section 57 of the Income-tax Act, after clause (ii), the following clause shall be inserted, with effect from the 1st day of April, 1990, namely: — '(iia) in the case of income in the nature of family pension, a deduction of a sum equal to thirty-three and one-third per cent, of such income or twelve thousand rupees, whichever is less. Explanation.—For the purposes of this clause, "family pension" means a regular monthly amount payable by the employer to a person belonging to the family of an employee in the. event of his death;'. [Finance Act, 1989] © Copyright. Taxmann Publications Pvt. Ltd.

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