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80CCD(2) deduction under new tax regime

This query is : Resolved 

23 October 2024 I have read that maximum 14% of salary (Basic+DA) is allowed as deduction u/s 80CCD(2). But is there a maximum amount of limit of the said deduction ? If my salary is 15.00 lac (Basic +DA) and 14% of which comes to Rs. 2,10,000/-. Whether employer can deduct 2,10,000/- as NPS on behalf of me ? And whether I can get deduction of 2,10,000/- from my salary income ?

23 October 2024 Yes. but the benefit of this amendment has been made applicable only to the taxpayers who are opting for the new tax regimes under Section 115BAC.

23 October 2024 Of course sir. Applicable only under new tax regime. But maximum limit of benefit sir ?

23 October 2024 No other cap except 14% of Basic+DA.


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