# The Finance Act, 2024 (No. 2), Section 14: Amendment of section 40

- Act: The Finance Act, 2024 (No. 2)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2024-no-2/section/14/

## Text

Amendment of section 40. 14. In section 40 of the Income-tax Act, in clause (b), in sub-clause (v), in item (a), with effect from the 1st day of April, 2025,— (a) | for the letters and figures "Rs. 3,00,000", the letters and figures "Rs. 6,00,000" shall be substituted; (b) | for the letters and figures "Rs. 1,50,000", the letters and figures "Rs. 3,00,000" shall be substituted.

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