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Deduction u/s 80CCD (2)

Banbari Lal (Taxation) (61 Points)

22 August 2018

An employee can claim deduction of govt contributions u/s section of 80ccd (2) in salary head.
How much

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6 Replies

CA Bhavik Soni (867 Points)
Replied 22 August 2018

yeah he can claim

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(Guest)

The maximum benefit you can avail under Sec.80CCD (1) is Rs.1,50,000 (including Sec.80C limit). Along with this Rs.50,000 under Sec.80CCD (1B). So total maximum benefit an individual can avail is Rs.2 lakh (where Rs.1.5 lakh will be part of Sec.80C limit)

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Vaishali Jain (Currently working on improving my skills and capabilities) (2539 Points)
Replied 22 August 2018

if an employer contributes any amount towards NPS, then such amount is treated as salary of employee. Employee gets deduction from GTI under sec 80CCD(2) to the extent of 10% of salary. This is not subject to ceiling of 50000/-

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RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 22 August 2018

Yes... I agreed to Mrs Vaishali Jain's View...

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(Guest)

MCA UPDATE 😊 ■ MCA has extended the last date of filing DIR -3KYC without any filing fees upto 15/09/2018 from 31/08/2018. ■ The fees of ₹5,000/- shall be applicable & payable on all delayed filings w.e.f 16/09/2018.

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