Nps
Hi all as per the recent IT act the employers contribution to NPS also can be exempted from IT. My doubt is whether we have to as income while calculating gross income or not ? If we have to include this then i dont think it will benefit anyway. Experts comment plz .
Replies (1)
there is only one restriction that employer contribution is only up to 10% of your salary qualifies for deduction without any monetary limit. So,above that limit contribution does not allow as expence and will be included in the employer income.
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