https://www.taxtmi.com/acts?id=46355 Amendment revises Section 80C to prescribe a three-tier graded deduction calculated with reference to the aggregate of specified sums, replacing a flat cap approach. It also substitutes sub-clauses to qualify deferred annuity and similar contracts only where they do not permit the insured an option to receive a cash payment instead of annuity payments, thus excluding contracts with a commutation option from eligibility. en-us Thu, 19 Dec 2024 11:41:19 +0530 Thu, 19 Dec 2024 11:41:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46355 Amendment revises Section 80C to prescribe a three-tier graded deduction calculated with reference to the aggregate of specified sums, replacing a flat cap approach. It also substitutes sub-clauses to qualify deferred annuity and similar contracts only where they do not permit the insured an option to receive a cash payment instead of annuity payments, thus excluding contracts with a commutation option from eligibility. Act-Rules F. Acts / Amendment Acts Thu, 19 Dec 2024 11:41:19 +0530 https://www.taxtmi.com/acts?id=46355