Part XIVAMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC. (From Section 156 to Section 189 )
Contribution limit increase expands allowable employee deduction for pension contributions under income tax law, effective from enactment. Amendment increases the employee contribution cap recognised for tax deduction purposes under section 80CCD by substituting the prior percentage-based ... Summary
Contribution limit increase expands allowable employee deduction for pension contributions under income tax law, effective from enactment.
Amendment increases the employee contribution cap recognised for tax deduction purposes under section 80CCD by substituting the prior percentage-based limit with a higher percentage, thereby expanding the permitted deduction for contributions to specified pension schemes; the substitution takes effect from the commencement date specified in the Finance Act.
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