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The Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961

Central

An Act to provide for exempting from taxes on income a portion of the salary or allowances payable to any person who has in the public interest volunteered to forego it.

Act number
46 of 1961
Ministry
Ministry of Finance
Department
Department of Revenue
Enacted
6 Dec 1961

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

5 sections

  1. Section 1Short title.
  2. Section 2Exemption from taxes on income in respect of salaries surrendered in favour of Government.
  3. Section 3Provisions of section 2 to apply to allowances.
  4. Section 4Power to make rule.
  5. Section 5Repeal.