Deduction under section 80ccd,80ccd(1b)


Finance Manager

Dear all, 

I am Bihar State goverment employees.

My Gross Salary for the Financial Year 2018-19  is Rs.   854112.00

BASIC+DA            631669

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

 

 

 

 

 

 
Reply   
 

Are you living in rented accommodation?
How much HRA you are getting?
Total Deduction will be Rs. 150000 under section 80C
 
Reply   
 
Finance Manager

Dear sir

my question in Employers contribution in NPS is deductible or not under section 80CCD. Because employers contribution is included in my gross salary. 

 
Reply   
 
Finance Manager

80 CCD is not part of 80C. 

 
Reply   
 

EMPLOYER CONTRIBUTION IS DEDUCTIBLE. IT IS BETTER NOT TO ADD THE EMPLOYER CONTRIBUTION IN THE GROSS SALARY.
 
Reply   
 

If the employer contribution is the part of your salary then it is deductible under 80CCD(2). Otherwise not.
better to visit some CA's with your salary slip.
 
Reply   
 

LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU