Pension contribution cap revised to allow higher employer contributions for central government employees under amended deduction rules. Amendment to section 80CCD(2) revises employer contribution limits for pension deductions by substituting the single ten per cent salary cap with differentiated caps for contributions made by the Central Government and by other employers, with the change effective from the 1st day of April, 2020.
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Pension contribution cap revised to allow higher employer contributions for central government employees under amended deduction rules.
Amendment to section 80CCD(2) revises employer contribution limits for pension deductions by substituting the single ten per cent salary cap with differentiated caps for contributions made by the Central Government and by other employers, with the change effective from the 1st day of April, 2020.
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