Section 2
SEC. 2. The first paragraph of item (2) (A), paragraph (l) of Section 29 of the same Code, as amended, is hereby further amended to read as follows: "(2) Additional exemption "(A) Taxpayers with dependents. - A married individual or a head of family shall be allowed an additional exemption of Five thousand pesos (P5,000) for each dependent: Provided, That the total number of dependents for which additional exemptions may be claimed shall not exceed four dependents: Provided, further, That an additional exemption of One thousand pesos (P1,000) shall be allowed for each child who otherwise qualified as dependent prior to January 1, 1980: Provided, finally, That the additional exemption for dependents shall be claimed by only one of the spouses in the case of married individuals electing to compute their income tax liabilities separately."