Employer’s contribution towards NPS Tier-I is eligible for tax deduction under Section 80CCD (2) of the Income Tax Act (14% of salary for central government employees and 10% for others).
Can an employee of the Central Autonomous Body claim deduction of employer's contribution towards NPS @ 14% of salary under section 80CCD(2)
Menu
Deduction under section 80ccd(2)
Replies (7)
Quick Summary
Yes it can be availed if they are covered under New Pension Scheme
While Filing ITR there is difference in amount Under 80 CCD(2) including arrear shown by DDO and admissible amount causing tax liabilty. How to get exemption ?
Employees of Central Autonomous Body are not Central Govt employees .
Then how can an employee of Central Autonomous Body claim deduction @ 14% instead of 10% under section 80CCD(2)?
Then how can an employee of Central Autonomous Body claim deduction @ 14% instead of 10% under section 80CCD(2)?
Budget 2022 has increased the % to 14% from 10%.
You may check once
You may check once
Sir, only percentage of employer's Contribution has been increased to 14% but rules for claiming deduction u/s 80CCD(2) are still mention as :
Deduction towards contribution made by an employer to the Pension Scheme of Central Government
| If Employer is a PSU, State Government or Others |
|
|||
| If Employer is Central Government |
|
My question is-
Q1. Can an employee of a Central Autonomous Body claim deduction u/s 80CCD(2) @ 14% instead of 10%?
(As under the above section it is clearly written as "only Central Government employee can claim deduction for employer's contribution towards NPS @ 14% and others can claim deduction @ 10% only".)
Q2. What is nature of employment of an employees of a Central Autonomous Body ? Are employees of Central Autonomous Bodies considered employees of the Central Government? Or they will come under the category of 'Others' for ITR filing.
Public Sector Undertaking (PSU) and Central Autonomus body are two different entities.
Still Confused....
Recent Topics :
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
Related Topics :
CAclubindia
