Web19 hours ago · Taxpayers can also claim the benefit of employer contributions to the National Pension System (NPS) account under Section 80CCD (2) of the Income Tax Act. “This deduction is restricted to the employer's contribution to NPS made for the employee's benefit, up to 10% of the employee's salary, including Basic Pay and Dearness Allowance,” …

Deductions under Section 80CCD of Income Tax - ClearTax

WebThe minimum initial contribution for Tier II NPS subscribers, on the other hand, ... (NPS) are eligible for tax benefits up to 10% of the gross income until Rs 1.50 lakh under Section 80 … WebSep 18, 2024 · National Pension Scheme: The employer’s contribution to your NPS account is tax free up to 10% of your salary subject to an annual overall ceiling of Rs. 7.50 lakh buty na obcasie shein

Opting for new tax regime? Here are a few deductions you can and …

WebMar 5, 2024 · In the last month’s Union Budget, the Centre allowed state government employees also to claim a tax benefit of 14 percent as against the earlier 10 percent on NPS contribution made by their employer from the next financial year (2024-23), bringing it on a par with central government employees. Web6. Additional Tax Benefits for Employers Contribution towards NPS. Section 80CCD (2) covers the employer’s NPS contribution, which is not available for self-employed taxpayers. The maximum number of deductions under this section be the lowest of. Actual NPS contribution by employer 10% of Basic + DA Gross total income. 7. WebIn response to your first question, yes, it is possible to have both an individual NPS account and a corporate NPS account with the same PRAN. However, you should check with your … buty na motor chopper