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of <h1>Union Budget 2024-25 boosts employer pension contribution deductions to 14% u/ss 36 and 80CCD, effective April 2025.</h1> The Union Budget 2024-25 proposes amendments to increase the allowable deduction for employer contributions to pension schemes under sections 36 and 80CCD of the Act. Section 36 will be amended to raise the employer contribution deduction limit from 10% to 14% of an employee's salary. Similarly, section 80CCD will be amended to allow deductions up to 14% for contributions by non-government employers, provided the employee's salary is taxable under section 115BAC(1A). These changes will be effective from April 1, 2025, applicable for the assessment year 2025-2026 onwards.
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