Sec 80ccd

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rohit

rohit (Querist)
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17 April 2012 if the amount of pension scheme is deposited by the employer then what are the provisions of sec 80ccd?

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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17 April 2012 Dear Rohit,

Amount paid by employer towards such pension scheme will form part of your salary and accordingly, will be taxable under salary income. However, deduction u/s 80CCD can be claimed on such amount within the overall limit of Rs.100000 as specified u/s 80CCE.

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rohit

rohit (Querist)
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17 April 2012 is there any amendment in sec 80ccd/

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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17 April 2012 No, there is no changes in recent budget in section 80CCD

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rohit

rohit (Querist)
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17 April 2012 is it outside the limit of 80 c and if it so, from when it will be applicable?

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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17 April 2012 The overall limit of Rs. 100000 is inclusive of section 80C, 80CC and 80CCD. i.e it is within the overall limit of Rs.1 lakhs.

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