Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Income Tax Act Section 80CCD Amended: Deduction Cap Introduced for Central Govt Employees and Others Effective April 2015.</h1> Section 80CCD of the Income-tax Act is amended by the Finance (No. 2) Act, 2014, effective April 1, 2015. The amendment modifies the wording in sub-section (1) to specify that the provisions apply to individuals employed by the Central Government from January 1, 2004, or by any other employer. Additionally, a new sub-section (1A) is introduced, capping the deduction amount under sub-section (1) at one hundred thousand rupees.