Finance Acts

Section - 17 - Amendment of section 80CCD

Amendment of section 80CCD.

17. In section 80CCD of the Income-tax Act, with effect from the 1st April, 2026,-

(a)	-	in sub-section (1B), after the proviso, the following proviso shall be inserted, namely:-
	-	"Provided further that the deduction under this sub-section shall also be allowed, where any payment or deposit is made to the account of a minor under the pension scheme referred to in the said sub-section, by the assessee, being the parent or guardian of such minor, subject to the condition that the aggregate amount of deduction under this sub-section shall not exceed fifty thousand rupees.";
(b)	-	in sub-section (3),-