VALIDATION OF THE CENTRAL CIVIL SERVICES (PENSION) RULES AND PRINCIPLES FOR EXPENDITURE ON PENSION LIABILITES FROM THE CONSOLIDATED FUND OF INDIA - Finance Act, 2025
VALIDATION OF THE CENTRAL CIVIL SERVICES (PENSION) RULES AND PRINCIPLES FOR EXPENDITURE ON PENSION LIABILITES FROM THE CONSOLIDATED FUND OF INDIA - Finance Act, 2025
Threshold for tax deduction raised, reducing withholding obligations for smaller aggregated payments under the income-tax regime. Amends section 193 of the Income-tax Act to make the provision applicable only to amounts or aggregate amounts exceeding ten thousand rupees during the ... Summary
Threshold for tax deduction raised, reducing withholding obligations for smaller aggregated payments under the income-tax regime.
Amends section 193 of the Income-tax Act to make the provision applicable only to amounts or aggregate amounts exceeding ten thousand rupees during the financial year by inserting qualifying words after "whichever is earlier," and substitutes the lower monetary limit in the proviso, clause (v)(a), with the higher ten thousand rupees figure, aligning the proviso exemption with the revised threshold.
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