80ccd(2) employer contribution

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4 Points Posted on 27 January 2020
employer contribution now is 14%. can this 14% deductible under 80ccd(2)
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On 27 January 2020 at 21:44 Report
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This discussion clarifies the deductibility of employer contributions under Section 80CCD(2) of the Income Tax Act. While the general limit for deduction is 10% of salary (basic + dearness allowance) or the employer's contribution, whichever is lower, government employees have a higher limit of 14%.

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17269 Points Posted on 27 January 2020
Section 80CCD (2) allows salaried individuals to claim deductions up to 10% of their salary which includes the basic pay and dearness allowance or is equal to the contributions made by the employer towards the NPS whichever is lower.

Only 10% is deductible
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On 27 January 2020 at 22:15
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Studwnt
1141 Points Posted on 28 January 2020
Restricted to 10%
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On 28 January 2020 at 00:38
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CA
428 Points Posted on 28 January 2020
It is restricted to 10% only
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On 28 January 2020 at 00:59
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Accountant
208 Points Posted on 20 June 2021
14 % in case of govt employee
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On 20 June 2021 at 08:56

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