https://www.taxtmi.com/acts?id=47253 The amendment adds a deduction for family pension allowing a deduction equal to one-third of such pension income or a specified monetary cap, whichever is less. It defines "family pension" as a regular monthly amount payable by the employer to a person of the employee's family upon the employee's death, and provides the deduction as a targeted tax relief for recipients of employer-paid family pensions. en-us Fri, 10 Jan 2025 12:06:42 +0530 Fri, 10 Jan 2025 12:06:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47253 The amendment adds a deduction for family pension allowing a deduction equal to one-third of such pension income or a specified monetary cap, whichever is less. It defines "family pension" as a regular monthly amount payable by the employer to a person of the employee's family upon the employee's death, and provides the deduction as a targeted tax relief for recipients of employer-paid family pensions. Act-Rules F. Acts / Amendment Acts Fri, 10 Jan 2025 12:06:42 +0530 https://www.taxtmi.com/acts?id=47253