Finance Act, 1970

Amendment of section 134 of Income Tax Act, 1967.

6.Section 134 of the Income Tax Act, 1967 , is hereby amended by the addition of the following proviso:

“Provided that—

(a) in the case of an individual who is entitled under section 138 (1) to a deduction of £424 or £524, the minimum deduction allowable under this section shall be £225 or the amount of his earned income, whichever is the less, and

(b) in the case of an individual who is entitled under section 138 to a deduction of £249 or £274, the minimum deduction allowable under this section shall be £125 or the amount of his earned income, whichever is the less.”.