Employers contribution to NPS

11 June 2022

If anyone know please clear where we should report employer's contribution in NPS in ITR1 under section 17(1) or 17(2).
Thanks with regard.

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2 Replies

Dnyanesh Deshpande (Aspiring CA) (133 Points)
Replied 11 June 2022

If pension is upto 10% of Basic salary +DA, then it is exempt. Excess is taxable under salary

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CA Puja Sharma (Chartered Accountant) (5010 Points)
Replied 11 June 2022

Employer's contribution in NPS will form part of salary income u/s 17(1)

Employer's contribution upto 10% of salary + DA can be claimed as deduction u/s 80CCD(2) without any limit.

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