Deductions
(1)
The income chargeable under the head “Income from other sources” shall be computed after making the following deductions:— (a) for dividends [excluding those referred to in section 2(40)(f) or interest on securities, 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;
(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 twenty-five thousand rupees, whichever is less, where income-tax is computed under (1); and (ii) an amount equal to one-third of such income or fifteen thousand rupees, whichever is less, in any other case;