Mukesh Gupta (Finance Manager) 12 March 2019
I am Bihar State goverment employees.
My Gross Salary for the Financial Year 2018-19 is Rs. 854112.00
Other Allowance : 222443
Saving :- 1-NPS Regular Contribution :63119.00 Which is deducted from by salary
2.Five Year Tax Saving FDR :-125000.00
3. Additional Contribution in NPS Rs.50000.00
And my employer also contribute in NPS Rs.63119.00 Which is not included in my Gross Salary which is mention above.
My Question is Rs. Employer Contribution is deductible or not.
i Requited to all pls calculate by Tax Liability for the Assessment Year 2019-20