Deduction u/s 80CCD(2)

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This discussion clarifies the tax deduction available under section 80CCD(2) for employer contributions to the National Pension System (NPS). It confirms that this deduction is allowed without needing to add the employer's contribution to the employee's taxable income. The consensus is that no specific circular or notification is required, as the employer's contribution is typically taxed under salary income, and the deduction is then applied.

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(Querist)
24 February 2022 DEDUCTION U/S 80CCD(2) HAS ALLOWED WITHOUT ADDING NPS EMPLOYERS CONTRIBUTION ? ANY CIRCULAR/NOTIFICATION REGARDING ADDING OF NPS CONTRIBUTION IN INCOME BY EMPLOYEE.

THERE ARE NO CLARIFICATION FOUND IN INCOME TAX ACT


MOREOVER CAN NPS CONTRIBUTION BY EMPLOYEE CAN SPLIT IN 80CCD(1) AND 80CCD(1B)
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 February 2022 1. No. The deduction is related to addition in income.
2. Yes.
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hemant mehta

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hemant mehta (Querist)
26 February 2022 any notification/circular in this regard.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 February 2022 No notification required; it is taxable under salary.
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