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