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Deduction u/s 80CCD (2)

324 views 6 replies

Banbari Lal

Taxation

61 Points Joined June 2015

An employee can claim deduction of govt contributions u/s section of 80ccd (2) in salary head.
How much

Replies (6)

CA Bhavik Soni

867 Points Joined December 2015

yeah he can claim

Guest

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)

Vaishali Jain

Currently working on improving my skills

2539 Points Joined March 2016

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/-

RAJA P M

"Do the Right Thing...!!!"

128111 Points Joined January 2015

Yes... I agreed to Mrs Vaishali Jain's View...

Guest

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