Amendment of section 80CCD.

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..... ) of section 115BAC, the provisions of sub-section (2) shall have effect as if for the words ten per cent. referred to in clause (b), the words fourteen per cent. had been substituted. . - Clause 25 of the Bill seeks to amend section 80CCD of the Income-tax Act relating to deduction in respect of contribution to pension scheme of Central Government. Sub-section (2) of the said section provides tha .....

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..... s not exceed fourteen per cent. of his salary in previous year. These amendments will take effect from 1st April, 2025 and will, accordingly, apply in relation to the assessment year 2025-2026 and subsequent years. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TM .....

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