Amendment of section 80CCD.

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..... per cent., where such contribution is made by the Central Government; (b) ten per cent., where such contribution is made by any other employer, of his salary in the previous year shall be substituted with effect from the 1st day of April, 2020. - Clause 24 of the Bill seeks to amend section 80CCD of the Income-tax Act relating to deduction in respect of contr .....

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..... tral Government as does not exceed fourteen per cent. of his salary in the previous year. This amendment will take effect from 1st April, 2020 and will, accordingly, apply in relation to the assessment year 2020-2021 and subsequent assessment years. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagem .....

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