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of <h1>Amendment to Income-tax Act: Section 36(1)(iva) allows employer deduction for pension contributions up to 10% of salary.</h1> Section 36 of the Income-tax Act was amended by the Finance Act, 2011, effective April 1, 2012. A new clause (iva) was added to sub-section (1), allowing employers to claim a deduction for contributions made to a pension scheme under section 80CCD. This deduction is limited to contributions not exceeding ten percent of the employee's salary for the previous year. For this clause, 'salary' includes dearness allowance if specified in the employment terms but excludes other allowances and perquisites.
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