Section 93 — Deductions

(1) The income chargeable under the head “Income from other sources”
shall be computed after making the following deductions:—
10b[(a) for interest on securities, any reasonable sum paid as commission or
remuneration to a banker or any other person for the purpose of realising
such interest on behalf of the assessee;]
( b) for income of the nature referred to in section 92(2)(c), so far as may be,
an amount as per section 29(1)(e);
( c) for income of the nature referred to in section 92(2)( f) and ( g), so far
as may be, an amount as per section 28(1)( a), (b), (d), section 33, and
subject to the provisions of section 28(2);
( d) for income in the nature of family pension (a regular monthly amount
payable by the employer to a family member of an employee upon the
death of such employee),—
( i) an amount equal to one-third of such income or ` 25000, whichever
is less, where income-tax is computed under section 202(1); and
( ii) an amount equal to one-third of such income or ` 15000, whichever
is less, in any other case;
10b. Substituted by the Finance Act, 2026, w.e.f. 1-4-2026. Prior to its substitution, clause ( a)
read as under :
“( a) for dividends [excluding those referred to in section 2( 40)(f)] or interest on securi-
ties, any reasonable sum paid as commission or remuneration to a banker or any
other person for the purpose of realising such dividend or interest on behalf of the
assessee;”
( e) any other expenditure (not being in the nature of capital expenditure)
laid out or expended wholly and exclusively for making or earning such
income;
( f) for income of the nature referred to in section 92(2)(i), an amount equal
to 50% of such income and no other deduction shall be allowed under
this section;
( g) for income in the nature of commutation of pension received from a
fund as specified in Schedule VII (Table: Sl. No. 3), the entire amount;
( h) for income in the nature of gratuity as referred in section 19(2)( g), re-
ceived on the death of the employee, the entire amount.
10c[(2) Irrespective of anything contained in sub-section (1), in respect of any dividend
income or income from units of a Mutual Fund specified under Schedule VII (Table:
Sl. No. 20 or 21) or income from units of a specified company as referred to in section
2(h) of the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 (58 of
2002), no deduction shall be allowed.]