08 January 2017
I am a salaried person and deposit 10% salary in NPS near about 48000 per annum and same amount from my employer.please suggest me the deductions under 80ccd(1) and (2). I come under 10% tax slab and also tell me if I get employer'contribution as deduction then should I also add it in my income.
08 January 2017
Employee contribution is allowed for deducted u/s 80CCD1 Employer's contribution is allowed U/s 80CCD2 upto Rs.50000/- additional above 150000/- but employer contribution to be added as taxable salary. Same will be deductible u/s 80CCD2.
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