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Section7
The Finance Act, 2018

Amendment of section 16

In force Act 13 of 2018 As on 10 Oct 2026

Act 13 of 2018 Ministry Finance Cited by 9 provisions

Section 7 of the Finance Act, 2018 deals with amendment of section 16. 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 o

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;".
Section 7, The Finance Act, 2018 (Act 13 of 2018).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Finance Act s. 6 Amendment of section 16
  2. s. 16 Amendment of section 44AE
  3. Income-tax Act s. 16 Deductions from salaries

Referred to by 9

  1. s. 37 Amendment of section 115JB
  2. s. 45 Amendment of section 140
  3. s. 58 Amendment of section 2
  4. s. 123 Amendment of section 7
  5. s. 167 Amendment of section 7
  6. s. 206 Amendment of Act 54 of 2000
  7. s. 215 Amendment of section 7
  8. s. 216 Amendment of section 8
  9. Finance Act, 2019 (No. 1) s. 3 Amendment of section 16

Questions about Section 7

What does Section 7 of the Finance Act deal with?

Section 7 of the Finance Act is headed "Amendment of section 16". 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 o

How do I find court cases under Section 7 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2018 7, section 7 Finance Act 2018, section 7 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 7 of the Finance Act, and has it changed?

Its own text turns on Finance Act 6 (Amendment of section 16), section 16 (Amendment of section 44AE), Income-tax Act 16 (Deductions from salaries), so none of them can safely be read on its own. 9 other provisions in this corpus refer back to it.

When was the Finance Act enacted?

Finance Act was enacted in 2018 as Act 13 of 2018. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.