https://www.taxtmi.com/acts?id=47171 Deduction is permitted for deposits in specified National Savings Schemes and payments to specified deferred annuity plans by eligible persons, excluding interest or bonus and subject to a statutory ceiling (with a higher ceiling for later assessment years). Withdrawals of credited amounts plus interest, and surrender proceeds, annuity or bonus receipts from the specified annuity plans, are to be included as the assessee's income in the year of receipt and taxed accordingly; interest on deposits is chargeable only as provided by this provision. en-us Wed, 08 Jan 2025 11:30:21 +0530 Wed, 08 Jan 2025 11:30:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47171 Deduction is permitted for deposits in specified National Savings Schemes and payments to specified deferred annuity plans by eligible persons, excluding interest or bonus and subject to a statutory ceiling (with a higher ceiling for later assessment years). Withdrawals of credited amounts plus interest, and surrender proceeds, annuity or bonus receipts from the specified annuity plans, are to be included as the assessee's income in the year of receipt and taxed accordingly; interest on deposits is chargeable only as provided by this provision. Act-Rules F. Acts / Amendment Acts Wed, 08 Jan 2025 11:30:21 +0530 https://www.taxtmi.com/acts?id=47171