Employer contribution on NPS
This query is : Open
11 January 2017
Is employers contribution made to NPS is considered as income? Should I have to add employers contribution to income? Can I deduct it u/s 80ccd(2)? Can you explain with an example? Is there any circular regarding this.
Thanks
11 January 2017
Yes, you have to include NPS contribution by your employer to your income and you can claim deduction against the same u/s 80CCD (2)
for example ref http://taxguru.in/income-tax/frequently-asked-questions-on-new-pension-scheme-and-its-deduction-us-80ccd.html
for example ref http://taxguru.in/income-tax/frequently-asked-questions-on-new-pension-scheme-and-its-deduction-us-80ccd.html
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