Section 80CCD contribution rate revised for taxpayers under the specified tax regime, increasing the allowable employee contribution. Amendment inserts a proviso in section 80CCD(2) effective 1 April 2025: where total income is chargeable under sub section (1A) of section 115BAC, sub section (2) shall operate as if the specified contribution rate in clause (b) were substituted by a higher specified rate, altering the textual percentage applicable to taxpayers within that tax regime.
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Section 80CCD contribution rate revised for taxpayers under the specified tax regime, increasing the allowable employee contribution.
Amendment inserts a proviso in section 80CCD(2) effective 1 April 2025: where total income is chargeable under sub section (1A) of section 115BAC, sub section (2) shall operate as if the specified contribution rate in clause (b) were substituted by a higher specified rate, altering the textual percentage applicable to taxpayers within that tax regime.
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