{"act":{"id":"finance-act-2019-no-2","short_title":"The Finance Act, 2019 (No. 2)","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2019-2020.","act_number":null,"act_year":2019,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":217,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-2/"},"unit":"section","section":{"number":"24","heading":"Amendment of section 80CCD","text":"Amendment of section 80CCD 24. In section 80CCD of the Income-tax Act, in sub-section (2), for the words \"does not exceed ten per cent of his salary in the previous year\", the words, brackets and letters \"does not exceed— (a) | fourteen 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.","html":"<p><b><b>Amendment of section 80CCD</b></b></p><p><b><b>24</b>.</b> In section 80CCD of the Income-tax Act, in sub-section (2), for the words \"does not exceed ten per cent of his salary in the previous year\", the words, brackets and letters \"does not exceed—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>fourteen per cent, where such contribution is made by the Central Government;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>ten per cent, where such contribution is made by any other employer,</td></tr></table></div><p>of his salary in the previous year\" shall be substituted with effect from the 1st day of April, 2020.</p>","words":86,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-2/section/24/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}