Pension contribution deduction expanded with an additional capped deduction for eligible individual assessees under notified schemes. The amendment inserts a new supplementary deduction permitting an assessee already eligible under the primary contribution deduction to claim an additional deduction for amounts paid or deposited in a notified Central Government pension account in the previous year, subject to a prescribed monetary ceiling and the prohibition on claiming the same contribution under both deduction heads; consequential cross reference amendments align related subsections to refer to both deductions.
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Provisions expressly mentioned in the judgment/order text.
Pension contribution deduction expanded with an additional capped deduction for eligible individual assessees under notified schemes.
The amendment inserts a new supplementary deduction permitting an assessee already eligible under the primary contribution deduction to claim an additional deduction for amounts paid or deposited in a notified Central Government pension account in the previous year, subject to a prescribed monetary ceiling and the prohibition on claiming the same contribution under both deduction heads; consequential cross reference amendments align related subsections to refer to both deductions.
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