https://www.taxtmi.com/news?id=13025 The Finance (No. 2) Bill, 2014 raises the deduction limit under section 80C from Rs. 1,00,000 to Rs. 1,50,000 for individuals and Hindu undivided families in respect of specified instruments (life insurance premia, provident fund contributions, deferred annuity schemes, etc.), allows allocation across eligible instruments within the overall ceiling, and provides consequential amendments to related provisions, with effect from 1 April 2015 for the assessment year 2015 16 and thereafter. en-us Sun, 13 Jul 2014 16:18:45 +0530 Sun, 13 Jul 2014 16:18:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13025 The Finance (No. 2) Bill, 2014 raises the deduction limit under section 80C from Rs. 1,00,000 to Rs. 1,50,000 for individuals and Hindu undivided families in respect of specified instruments (life insurance premia, provident fund contributions, deferred annuity schemes, etc.), allows allocation across eligible instruments within the overall ceiling, and provides consequential amendments to related provisions, with effect from 1 April 2015 for the assessment year 2015 16 and thereafter. News - Sun, 13 Jul 2014 16:18:45 +0530 https://www.taxtmi.com/news?id=13025