# The Finance Act, 2018, Section 7: Amendment of section 16

- Act: The Finance Act, 2018 (Act 13 of 2018)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2018/section/7/

## Text

Amendment of section 16. 7. In section 16 of the Income-tax Act, after clause (i) [as omitted by section 6 of the Finance Act, 2005 (18 of 2005)], the following clause shall be inserted with effect from the 1st day of April, 2019, namely:— "(ia) | a deduction of forty thousand rupees or the amount of the salary, whichever is less;".

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