Treatment of NPS arrears u/s 80ccd(2)

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Ajay kumar

1 Points Joined March 2018

Sir/Mam,
I received rs 199485 in my NPS acount in FY 2017-18 as an arrear of goverment contributions of previous years.may i take benefit of exemption of whole amount along with the government contribution of current FY u/s 80ccd(2).

Replies (3)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

210390 Points Joined July 2016

Your contribution to National Pension Scheme (NPS) is covered under Section 80CCD(1), (subject to 10% of your salary)

Your employer's contribution is covered under Section 80CCD(2). (Again subject to 10% of your salary)

The extra deduction on NPS is covered under Section 80CCD(1B).

You can claim a total deduction of Rs1.5 lakh under Section 80C, or Section 80CCD(1) and Rs. 50,000 under Section 80CCD (1B).

Thus you can claim a total deduction of Rs 2 lakh under Section 80C / 80CCD(1) and Section 80CCD(1b)

And total exemption u/s. 80CCD(2) cannot exceed 10% of your basic+DA.

Rajasekar

TDS Preparer

1464 Points Joined September 2017

If you want to take government contributions u/s80ccd(2) then you have to add previous year govt contribution under the head income

sandeep suthar

3 Points Joined July 2018

नमस्कार सर में राजस्थान सरकारी कर्मचारी हुए मुझे वित्तीय वर्ष 2017-18 में वेतन (Basic+DA)+ HRA+BONUS = (167640+232470)+16764+6774= 423648 AND GOVT. NPS Contribution (10%)=39858 तथा एरियर की राशि (Basic +DA+HRA+BONUS+BONUS)=(9360+265269+23016+6774+1694)=306113 AND GOVT. NPS Contribution =49546 कुल आय=819165 हुई निवेश (SI+GI+LIC+Tution fees+Cnps)=(13200+220+78586+20400+39858)=152264 तथा एरियर राशि का Cnps=49546 कटौती हुई में इसमे 89/ (10e) की छुट लेकिन रहा हु अतः आप इस में बताए की arrear nps की राशि क्या इस वित्तीय वर्ष 17-18 में छुट मिलेंगी यदि मिलेंगी तो 80ccd (1),80ccd(1b),80ccd(2) के तहत कितनी – कितनी छूट मिलेगी