TaxTMI 
TaxTMI 
Question - What are the changes in limit of Section 80CCC in Finance Bill 2015 ?
Raising the limit of deduction under 80CCC
28 Feb 2015 
1 Reply 
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Deduction limit under section 80CCC increased, expanding allowed pension annuity contributions within the overall section 80CCE ceiling.
Amendment increases the permitted deduction under Section 80CCC for individual payments to annuity contracts with insurers for pension receipt, subject to the overall cap under Section 80CCE, with effect from 1st April 2016 for the assessment year 2016-17 and subsequent years. (AI Summary)
Amendment increases the permitted deduction under Section 80CCC for individual payments to annuity contracts with insurers for pension receipt, subject to the overall cap under Section 80CCE, with effect from 1st April 2016 for the assessment year 2016-17 and subsequent years. (AI Summary)