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16 February 2019

nps ka paisa employee contribution aur employer contribution dono ka paisa me chhut hota hai ya kewal employ contribution ka paisa me chhut hota hai.plz suggest me.

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5 Replies

manoj (student) (5205 Points)
Replied 16 February 2019

sirf employee ka

MOHAMMED IMRAN (1020 Points)
Replied 16 February 2019

yes, both employer's and employee's contribution to NPS are eligible for deduction
employer's contribution to NPS is first included in the salary

DEDUCTIONS
u/s80CCD(1) employee's own contribution to (PENSION FUND notified by central government ) NPS up-to 10% of salary

u/s 80CCD(1B) additional deduction of upto rs 50,000 , on employee's own contribution to NPS

u/s 80CCD(2) additional deduction of upto 10% salary on employer's contribution to NPS

maximum deduction u/s 80C, 80CCC &80CCD(1)is rs 1,50,000
# for further information please reply

3 Like

Pankhuri Agrawal (Chartered Accountant) (412 Points)
Replied 16 February 2019

dono mein deduction hai. refer section 80CCD

RAUSHAN KUMAR (4 Points)
Replied 16 February 2019

koi aadmi ek me kahete hai to kio aadmi dono me bahut confusion hai.

MOHAMMED IMRAN (1020 Points)
Replied 16 February 2019

both employer's and employee's contribution to NPS are eligible for deduction
please refer section 80CCD(1) , 80CCD(1B) & 80CCD(2) & my above reply
#for further information please reply

1 Like