https://www.taxtmi.com/acts?id=45915 Rates and caps for annuity deposits are set by income bands: progressive percentage charges on adjusted total income apply to higher bands, subject to ceilings that limit the deposit to aggregated sums comprising a percentage on income within earlier bands plus one-half of the excess income over each band threshold. "Total income" is computed per income-tax rules without making a designated allowance, which affects the base for these percentage calculations and caps. en-us Thu, 05 Dec 2024 15:19:08 +0530 Thu, 05 Dec 2024 15:19:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45915 Rates and caps for annuity deposits are set by income bands: progressive percentage charges on adjusted total income apply to higher bands, subject to ceilings that limit the deposit to aggregated sums comprising a percentage on income within earlier bands plus one-half of the excess income over each band threshold. "Total income" is computed per income-tax rules without making a designated allowance, which affects the base for these percentage calculations and caps. Act-Rules F. Acts / Amendment Acts Thu, 05 Dec 2024 15:19:08 +0530 https://www.taxtmi.com/acts?id=45915