Income Tax Section 16 of the Income Tax Act 1961 provides for a deduction from taxable income under the wage line. Provides deductions for the standard deduction, entertainment allowance, and labour tax. With this deduction, the taxpayer can reduce the taxable wage income that is subject to tax. Also, with the recent changes to the flat-rate deduction, the benefit under this section extends to a larger amount. Plus, there’s no problem providing travel and medical expenses, which makes it pretty straightforward. Therefore, In this article, we will look at each of the deductions in Section 16…