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Employer contribution to NPS

Monday, May 9, 2016 by Indian Real Estate News

 

Invest in NPS Online

 

Employer's contribution is eligible for tax deduction of up to 10 per cent of the salary (basic plus DA) under Section 80CCD(2)

 Employer's contribution is eligible for tax deduction of up to 10 per cent of the salary (basic plus DA) under Section 80CCD(2) of the Income Tax Act. This contribution is not included in the overall limit of R1.5 lakh allowed under section 80CCE. You can claim an extra deduction on your employer's contribution to NPS.
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