https://www.taxtmi.com/highlights?id=80097 Clause (iva) of sub-section (1) of section 36 is amended to increase the deduction for employer contribution to a pension scheme u/s 80CCD from 10% to 14% of the employee's salary in the previous year. Sub-section (2) of section 80CCD is amended to allow deduction up to 14% of the employee's salary for contribution by non-government employers, where the employee's salary is chargeable u/s 115BAC(1A). The amendments are effective from April 1, 2025 and applicable from assessment year 2025-2026 onwards. en-us Sat, 03 Aug 2024 15:14:01 +0530 Sat, 03 Aug 2024 15:14:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=80097 Clause (iva) of sub-section (1) of section 36 is amended to increase the deduction for employer contribution to a pension scheme u/s 80CCD from 10% to 14% of the employee's salary in the previous year. Sub-section (2) of section 80CCD is amended to allow deduction up to 14% of the employee's salary for contribution by non-government employers, where the employee's salary is chargeable u/s 115BAC(1A). The amendments are effective from April 1, 2025 and applicable from assessment year 2025-2026 onwards. Highlights Bill Sat, 03 Aug 2024 15:14:01 +0530 https://www.taxtmi.com/highlights?id=80097