Pension fund contributions

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Deeptha Srinivasa Ragavan

Deeptha Srinivasa Ragavan (Querist)

27 February 2018 Whether an employee can claim deduction at a time under 80 CCD(1) 80 CCD(2) & 80 CCD(1B)

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)

27 February 2018 Yes.
U/S 80 CCD (1) for the Employees contribution to his/her DCPS,

80 CCD (2) -dditional deduction of Rs.50000 of Employee's contribution

& 80 CCD (1B) - Deduction for employer contribution

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Deeptha Srinivasa Ragavan

Deeptha Srinivasa Ragavan (Querist)

27 February 2018 But under employee's salary only employer's contribution to pension fund will be included right

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)

27 February 2018 Yes. The Form 16 given by the Employer will have details of Employer's contribution. The employee can also take the DCPS Statement online for knowing the Employer contribution

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