Employers contribtion towards new pension scheme
This query is : Resolved
JAYAKUMAR.M.G
(Querist)
11 January 2016
Hi Experts
Please explain whether the contribution by employer of a State Govt employee to be added with salaries for Income Tax calculation for AY 2016-17
Please explain whether the contribution by employer of a State Govt employee to be added with salaries for Income Tax calculation for AY 2016-17
CA PARAS BAFNA
(Expert)
11 January 2016
Yes it is added and deduction for the same can be taken U/s 80CCD(2) (which does not exceed 10% of Basic salary and DA within the terms of employment.)
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