Employer pension contribution deduction allowed for contributions to pension schemes, limited by a salary-based cap and inclusion rules. A new deductible item permits an employer's contribution towards an employee's pension scheme to be allowed in computing business or professional income, limited by reference to the employee's salary for the previous year; salary includes dearness allowance if terms of employment so provide and excludes other allowances and perquisites, and the change takes effect from the notified effective date for application in the relevant assessment years.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Employer pension contribution deduction allowed for contributions to pension schemes, limited by a salary-based cap and inclusion rules.
A new deductible item permits an employer's contribution towards an employee's pension scheme to be allowed in computing business or professional income, limited by reference to the employee's salary for the previous year; salary includes dearness allowance if terms of employment so provide and excludes other allowances and perquisites, and the change takes effect from the notified effective date for application in the relevant assessment years.
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