An employee can claim deduction of govt contributions u/s section of 80ccd (2) in salary head.
How much
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Deduction u/s 80CCD (2)
Replies (6)
yeah he can claim
The maximum benefit you can avail under Sec.80CCD (1) is Rs.1,50,000 (including Sec.80C limit). Along with this Rs.50,000 under Sec.80CCD (1B). So total maximum benefit an individual can avail is Rs.2 lakh (where Rs.1.5 lakh will be part of Sec.80C limit)
if an employer contributes any amount towards NPS, then such amount is treated as salary of employee. Employee gets deduction from GTI under sec 80CCD(2) to the extent of 10% of salary. This is not subject to ceiling of 50000/-
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Can state government employee with CPS ,is eligible for incime tax deduction under 80CCD2 sir
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