https://www.taxtmi.com/acts?id=48609 New provision permits individual taxpayers to deduct contributions paid from taxable income toward specified annuity contracts with the life insurance pension fund, excluding interest or bonus, subject to an annual ceiling; amounts received on surrender or as pension, including accrued interest or bonus, are taxable when withdrawn or paid, and taxpayers who claimed the deduction are precluded from claiming a rebate for the same contribution under the separate rebate mechanism. en-us Wed, 12 Feb 2025 16:18:57 +0530 Wed, 12 Feb 2025 16:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48609 New provision permits individual taxpayers to deduct contributions paid from taxable income toward specified annuity contracts with the life insurance pension fund, excluding interest or bonus, subject to an annual ceiling; amounts received on surrender or as pension, including accrued interest or bonus, are taxable when withdrawn or paid, and taxpayers who claimed the deduction are precluded from claiming a rebate for the same contribution under the separate rebate mechanism. Act-Rules F. Acts / Amendment Acts Wed, 12 Feb 2025 16:18:57 +0530 https://www.taxtmi.com/acts?id=48609