I am a public sector bank employee. The employer bank opened my NPS account under the Corporate Model, where 10% of my salary is deducted on a monthly basis and an equal amount is also contributed by the bank to the NPS Trust.
The bank has shown my NPS contribution as deduction u/s 80C and has not shown its own contribution anywhere in the Form 16 Part B. As far as I know, my NPS contribution should be shown u/s 80CCD(1) and bank's contribution u/s 80CCD(2). Can anybody provide some insight into it?
CAclubindia
