Taxes Income Taxes

Deductions available for income from other sources (Sec. 57)

Deductions available for income from other sources (Sec. 57)

Admissible Expenditure

  1. Any reasonable sum paid by way of commission or remuneration for purpose of realizing dividends or interest on securities
  2. Contributions to ESI, EPF and superannuation fund, those recovered from the employees, paid before due dates under relevant acts.
  3. Repairs, insurance and depreciation of Building, Plant and Machinery and furniture.
  4. 33 1/3% of Family Pension or Rs.15000, whichever is less
  5. Any other expenditure wholly and exclusively incurred to earn such income.

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