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Amendment of section 17.

Clause 9 - Bills - DIRECT TAXES - Bill - Clause 9 - 9. In section 17 of the Income-tax Act, in sub-section (2), in clause (vii), for the words one lakh rupees , the words one lakh and fifty thousand rupees shall be substituted with effect from the 1s .....

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amount of any contribution to an approved superannuation fund by the employer in respect of the assesse, to the extent it exceeds one lakh rupees. It is proposed to amend the said sub-section so as to increase the limit of employer s contribution fro .....

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