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THE TAXATION LAWS (AMENDMENT) BILL, 2025
As Passes by the Lok Sabha as on 11-8-2025 and Rajya Sabha as on 12-8-2025
PDF File:
Taxation Laws Amendment Bill 2025 changes pension lump-sum taxation, adds exclusions and abates assessments on searches. The Bill exempts specified Unified Pension Scheme payments (up to 60% of individual corpus and specified lump sums) under new section 10 clauses; amends section 80CCD to tax amounts credited and received on superannuation/retirement as income while excluding transfers from individual to pool corpus as receipt; defines 'pool corpus' and 'individual corpus' by reference to the 24 January 2025 notification and clarifies salary treatment for dearness allowance.Press 'Enter' after typing page number.