Exemption limits increased for specified allowances; amendment to Income tax Rules effective from April 1, 2015. Notification under section 295 read with clause (14) of section 10 amends Rule 2BB(2) of the Income tax Rules, 1962 by substituting revised exempt amounts in the Table: the column (4) entry for serial number 10 is replaced and the column (4) entry for serial number 11 is replaced; the Income tax (6th Amendment) Rules, 2015 take effect from the first day of April, 2015.
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Exemption limits increased for specified allowances; amendment to Income tax Rules effective from April 1, 2015.
Notification under section 295 read with clause (14) of section 10 amends Rule 2BB(2) of the Income tax Rules, 1962 by substituting revised exempt amounts in the Table: the column (4) entry for serial number 10 is replaced and the column (4) entry for serial number 11 is replaced; the Income tax (6th Amendment) Rules, 2015 take effect from the first day of April, 2015.
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