80ccd(2) employer contribution
siddaramu madaiah (4 Points)
27 January 2020
employer contribution now is 14%. can this 14% deductible under 80ccd(2)
4 Replies
Kapadia Pravin
(17264 Points)
Replied 27 January 2020
Section 80CCD (2) allows salaried individuals to claim deductions up to 10% of their salary which includes the basic pay and dearness allowance or is equal to the contributions made by the employer towards the NPS whichever is lower.
Only 10% is deductible
Only 10% is deductible
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