If anyone know please clear where we should report employer's contribution in NPS in ITR1 under section 17(1) or 17(2).
Thanks with regard.
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Employers contribution to NPS
Replies (2)
If pension is upto 10% of Basic salary +DA, then it is exempt. Excess is taxable under salary
Employer's contribution in NPS will form part of salary income u/s 17(1)
Employer's contribution upto 10% of salary + DA can be claimed as deduction u/s 80CCD(2) without any limit.
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