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

This query is : Resolved

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

raghavendra b

raghavendra b (Querist)
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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)
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05 February 2024 RCM applicable on jewellery.

raghavendra b

raghavendra b (Querist)
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06 February 2024 THANK YOU SIR,

REGARDS

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 February 2024 You are welcome...
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