Bond Money Paid Allowed For Deduction

I am working in a software company ,not as a salaried employee but as a consultant. I am receiving fees from the company and company is deducting TDS @10% on professional fees.Now i have left my job from such company and as per terms i had paid Rs.50000/- as bond money for premature bond period.

Now i just want to ask you That i will be eligible for deduction of such bond money from my prfessional income or not and under what section of
I.T. Act.

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