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Retirement planning has always been a subject matter of concern for salaried class employees. There are certain provisions in the Income Tax Act, 1961 (the Act), which promote contributions to social security funds or other retirement plans by giving tax benefits for such contributions made by employees and their respective employers.Retirement planning has always been a subject matter of concern for salaried class employees. There are certain provisions in the Income Tax Act, 1961 (the Act), which promote contributions to social security funds or other retirement plans by giving tax benefits for such contributions made by employees and their respective employers.taxmann.com Latest ArticlesRead More