Employment Tax (Profession Tax) Deduction from Salary: Section 16(iii) of Income Tax

Employment Tax (Profession Tax) Deduction from Salary: Section 16(iii) of Income Tax

Section 16(iii) of Income Tax Act, 1961 provides for deduction of any sum paid by the assessee on account of Employment Tax/ Profession Tax, levied within the meaning of article 276(2) of the Constitution of India by or under any law, from salary income.

Section 16(iii) of Income Tax provides, for:

a deduction of any sum paid by the assessee on account of a tax on employment within the meaning of clause (2) of article 276 of the Constitution, leviable by or under any law.

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