eCourtsIndia
IndiaCode Laws
Section10
The Finance Act, 2024 (No. 2)

Amendment of section 16

In force As on 09 Oct 2026

Ministry Finance Enacted 16 Aug 2024 Cited by 7 provisions

Section 10 of the Finance Act, 2024 (No. 2) deals with amendment of section 16. Amendment of section 16. 10. In section 16 of the Income-tax Act, in clause (ia), the following proviso shall be inserted with effect from the 1st day of April, 2025, namely:— 'Provided that in a case where income-tax is computed under clause (ii) of sub-section (1A) of section 115BAC, the provision The Act was enacted on 16 Aug 2024.

Amendment of section 16.

10. In section 16 of the Income-tax Act, in clause (ia), the following proviso shall be inserted with effect from the 1st day of April, 2025, namely:—

'Provided that in a case where income-tax is computed under clause (ii) of sub-section (1A) of section 115BAC, the provisions of this clause shall have effect as if for the words "fifty thousand rupees", the words "seventy-five thousand rupees" had been substituted;'.

Section 10, The Finance Act, 2024 (No. 2).

Cross-references

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

This section refers to

  1. s. 16 Amendment of section 44B
  2. Income-tax Act s. 16 Deductions from salaries

Referred to by 7

  1. s. 4 Amendment of section 10
  2. s. 6 Amendment of section 12A
  3. s. 8 Insertion of new section 12AC
  4. s. 9 Amendment of section 13
  5. s. 49 Substitution of new Chapter for Chapter XIV-B
  6. s. 115 Amendment of section 10
  7. s. First Schedule -

Questions about Section 10

What does Section 10 of the Finance Act, 2024 (No. 2) deal with?

Section 10 of the Finance Act, 2024 (No. 2) is headed "Amendment of section 16". Amendment of section 16. 10. In section 16 of the Income-tax Act, in clause (ia), the following proviso shall be inserted with effect from the 1st day of April, 2025, namely:— 'Provided that in a case where income-tax is computed under clause (ii) of sub-section (1A) of section 115BAC, the provision

How do I find court cases under Section 10 of the Finance Act, 2024 (No. 2)?

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, 2024 (No. 2) 10, section 10 Finance Act, 2024 (No. 2), section 10 of the Finance Act, 2024 (No. 2). 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 10 of the Finance Act, 2024 (No. 2), and has it changed?

Its own text turns on section 16 (Amendment of section 44B), Income-tax Act 16 (Deductions from salaries), so none of them can safely be read on its own. 7 other provisions in this corpus refer back to it.

When was Section 10 of the Finance Act, 2024 (No. 2) enacted?

Section 10 of the Finance Act, 2024 (No. 2), cited as Finance Act, 2024 (No. 2) 10, was enacted on 16 Aug 2024. 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.