Income Tax Act, 1967.


Differentiation and Graduation of Tax by Means of Reliefs

Earned income relief.

134.—An individual who makes, in the manner prescribed by this Act, a claim in that behalf and makes a return in the prescribed form of his total income shall, for the purposes of ascertaining the amount of his assessable income for the purposes of income tax, be allowed a deduction from the amount of his earned income as estimated in accordance with this Act of a sum equal to one-fourth of that income, but not exceeding, in the case of any individual, the sum of £500.