Amendment of section 16 :
Section – 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;”. |