Pension contribution
This query is : Resolved
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.
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.
CA R SEETHARAMAN
(Expert)
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.
Message likes :
1 times
29 April 2019
Sir, My one pension ,is part of provident fund ,deducted by employer.
Sir , My one pension is NPS or other pension. I am in doubt.
Sir , My one pension is NPS or other pension. I am in doubt.
CA R SEETHARAMAN
(Expert)
29 April 2019
Only NPS pension to be added.
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