29 April 2019
Sir, Whether employer contribution to Pension will be included in Gross Salary. And Whether deduction can be claimed on employer contribution to Pension and under which section . This pension is of EPFO Scheme.
29 April 2019
Yes, you have to add your employer's contribution to National Pension System (NPS) to your gross salary and then claim a tax deduction on it. Employer's contribution to NPS qualifies for a tax deduction of up to 10 per cent of the salary (basic plus DA) under Section 80CCD(2) of the Income Tax Act.