Taxation Laws (Amendment) Act, 2025
Stub article on the Taxation Laws (Amendment) Act, 2025. A full encyclopedic entry is pending.
What this article will cover
A full salary-calculator article on the Taxation Laws (Amendment) Act, 2025 (Act No. 29 of 2025, Presidential assent 21 August 2025) will cover the statutory tax treatment it gave the Unified Pension Scheme, the insertion of Section 10(12AA) exempting up to 60% of the individual corpus, Section 10(12AB) for the service-linked lump sum, and Section 80CCD(3A) providing that the transfer of the individual corpus to the pool corpus is not a taxable receipt.