Schedule II (Note 1). Deductions

93. (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.] Amounts not deductible.