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.”. |