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Why 80ccd(2) disallowed whole amount

This query is : Resolved 
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(Querist)
06 July 2022 u/s 80CCD(2) (employer Cont. Rs. 73600/-) disallowed due to 7.50 lac limit adjusted in Employer Contribution to PF / Superannuation Fund.

What's the reason behind this.

Thanks in Advance
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
11 July 2022 Finance Act, 2020 has amended and has put an absolute cap of ₹7.50 lakh on the aggregate of contributions made by an employee to recognized provident fund, National Pension System scheme and an approved superannuation fund taken together in a year.
Any amount in excess of Rs. 7.50 lakh contributed by the employer to these accounts taken together shall be treated as perquisite in the hands of the employee and included in his salary and taxed at the slab rates.
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