Section 80CCD contribution rate revised for taxpayers under the specified tax regime, increasing the allowable employee contribution. Amendment inserts a proviso in section 80CCD(2) effective 1 April 2025: where total income is chargeable under sub section (1A) of section 115BAC, sub ... Summary
Section 80CCD contribution rate revised for taxpayers under the specified tax regime, increasing the allowable employee contribution.
Amendment inserts a proviso in section 80CCD(2) effective 1 April 2025: where total income is chargeable under sub section (1A) of section 115BAC, sub section (2) shall operate as if the specified contribution rate in clause (b) were substituted by a higher specified rate, altering the textual percentage applicable to taxpayers within that tax regime.
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