Deduction cap for pension contributions introduced, limiting allowable deduction under section 80CCD and expanding employee eligibility. Amendment broadens eligibility by including individuals employed by employers other than the Central Government for claims under section 80CCD and inserts ... Summary
Deduction cap for pension contributions introduced, limiting allowable deduction under section 80CCD and expanding employee eligibility.
Amendment broadens eligibility by including individuals employed by employers other than the Central Government for claims under section 80CCD and inserts sub-section (1A) to cap the deduction under sub-section (1) at one hundred thousand rupees, thereby setting a statutory ceiling on allowable deductions for contributions to the specified pension account.
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