Deduction u/s 80CCD(2)

This query is : Resolved 

Quick Summary
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.

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)

26 February 2022 1. No. The deduction is related to addition in income.
2. Yes.

26 February 2022 any notification/circular in this regard.

26 February 2022 No notification required; it is taxable under salary.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details