hello
i have received Form No-16
in that my
total salary - 422000
less:allownce to the extent exempt u/s 10- 35952 and same amount taken in section 80ccd is it correct or not?
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central pension scheme
Replies (5)
CORRECT
Correct...... Employer's contribution in Pension Fund u/s. 80CCD(2), & PF u/s. 10(12) .......
Employee's contribution to CPS can be taken u/s. 80CCD(1) or u/s. 80C .......
AGREED !!
can u explain about cps exempt u/s 10
Employers Contributuion to Pension scheme is exempt u/s. 80CCD(2). While that contributed to EPF falls u/s. 10.
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