in 80ccd (2) employer contribution other then central government
if state government contribution is 14% then 4 % will be taxable Or not in the hand of employee
| Originally posted by : anshul tiwari | ||
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in 80ccd (2) employer contribution other then central government if state government contribution is 14% then 4 % will be taxable Or not in the hand of employee |  |
(2) Where, in the case of an assessee referred to in sub-section (1), the Central Government or any other employer makes any contribution to his account referred to in that sub-section, the assessee shall be allowed a deduction in the computation of his total income, of the whole of the amount contributed by the Central Government or any other employer as 21[does not exceed—
(a) fourteen per cent, where such contribution is made by the Central Government;
(b) ten per cent, where such contribution is made by any other employer,
of his salary in the previous year.]
YES 4 % is taxable in your case
CAclubindia
