Pension fund contributions

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Deeptha Srinivasa Ragavan

Deeptha Srinivasa Ragavan (Querist)
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27 February 2018 Whether an employee can claim deduction at a time under 80 CCD(1) 80 CCD(2) & 80 CCD(1B)

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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27 February 2018 Yes.
U/S 80 CCD (1) for the Employees contribution to his/her DCPS,

80 CCD (2) -dditional deduction of Rs.50000 of Employee's contribution

& 80 CCD (1B) - Deduction for employer contribution

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Deeptha Srinivasa Ragavan

Deeptha Srinivasa Ragavan (Querist)
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27 February 2018 But under employee's salary only employer's contribution to pension fund will be included right

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K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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27 February 2018 Yes. The Form 16 given by the Employer will have details of Employer's contribution. The employee can also take the DCPS Statement online for knowing the Employer contribution