Employer contribution towards section 80ccd(2) taxable in hands of employee

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This discussion clarifies that employer contributions to an NPS account under Section 80CCD(2), claimed as business expenses, are indeed taxable in the employee's hands. The advice provided is to calculate the employer's contribution and include it in the employee's gross salary. Despite being taxable, employees can still claim deductions under Section 80CCD(2).

raghavendra b

raghavendra b (Querist)

04 February 2024 DEAR SIR,

CONTRIBUTION MADE TOWARDS NPS ACCOUNT U/S 80CCD(2) BY EMPLOYER CLAIMING AS HIS BUSINESS EXPENSES. THE CONTRIBUTION MADE BY THE EMPLOYER IT IS TAXABLE IN HANDS OF THE EMPLOYEE. IF IT IS NOT TAXABLE THEN HOW SHOULD AN EMPLOYEE CLAIMING DEDUCTIONS U/S 80CCD(2).

THANK YOU

REGARDS

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

05 February 2024 Yes, it's taxable in the hands of employees and deduction can be claimed.

raghavendra b

raghavendra b (Querist)

05 February 2024 THANK YOU SIR,

HOW TO DETERMINE SIR IF REGULAR FOLLOW ON NPS ACCOUNT CALCULATE THE EMPLOYER CONTRIBUTION TOWARDS NPS ACCOUNT AND INCLUDE IN THE GROSS SALARY OF RESPECTIVE EMPLOYEE.

AND ANOTHER ONE QUERY SIR, THESE GOODS ARE FALLS RCM SCHEME JEWELLERY, DAL,
SAMBAR POWDER, PURCHASE FROM UN REGISTERED DEALER

THANK YOU SIR,
REGARDS

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

05 February 2024 RCM applicable on jewellery.

raghavendra b

raghavendra b (Querist)

06 February 2024 THANK YOU SIR,

REGARDS

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

06 February 2024 You are welcome...
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