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?
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NPS contribution deduction u/c VI-A
Replies (2)
Form 16 Part B is ok
Your form 16 taxable salary includes employer's nps contribution as it is already there's they don't show it anywhere
so only your nps is shown in Deduction side
so only your nps is shown in Deduction side
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