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Mohsin Razaq

80CCD(1) - Employee contribution towards NPS...
10 hours ago Solved
If one has already used the 150000 limit under PPF category can the contribution by employee be entered under 80CCD(1B) instead of 80CCD(1) and claim additional tax relief to the tune of Rs 5000 on 50000 amount claimed under NPS contribution of employee.
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Amlan Dutta
yes, as per my interpretation , one surely can use 80 CCD(1B) for ones own contribution( employee contribution)...it is totally to the choice of the individual whether to use 80 C or 80 CCD(1B)
  • 6 hours ago
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PARTHA SARATHI MAJEE
Yes absolutely right one of my friend already got the refund by claiming in same circuimstance
  • 4 hours ago
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Gian Naorem

80CCD(2) - Employer contribution towards NPS...
Sir , can I claim employer contribution towards NPS even if my deduction in 80c does not reach 150000???
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Amlan Dutta
Yes and under 80ccd (2)
  • August 9, 2018
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Bhupendra Singh

80CCD(2) - Employer contribution towards NPS...
Subject: Regarding NPS contribution by the employer

Dear Amlan Ji
I am fortunate to see your videos regarding filing of ITR and I must say that you are doing a noble voluntary work. Thanks for all such efforts.

I have a small query: (Will keep it simple in few lines)

(1) I am a Govt. Employee and along ...
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Amlan Dutta
Income is put under relevant head only ...you cannot show stock gains in House property or business gains under salary ...if you do so charging section itself shall fail and return deemed useless ..there is no way pension qualifies for income from other sources.

Pension i.e (Employer contribution tow...
  • July 31, 2018
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Bhupendra Singh
Dear Amlan Ji

Thanks for your prompt reply. However my query is little bit different. I forgot to attach the image last time. Please find it so that my confusion would be more clear to you as well:

Actually my employer contribution does not reflect in my monthly salary. Moreover in Form 16 (A&B) and a...
Dear Amlan Ji<br /><br />Thanks for your prompt reply. However my query is little bit different. I forgot to attach the image last time. Please find it so that my confusion would be more clear to you as well:<br /><br />Actually my employer contribution does not reflect in my monthly salary. Moreover in Form 16 (A&B) and as well as in 26AS also, it does not get added to make the gross salary (first head of ITR form). However, in Form 16B you can see that the office mentions it (the employer contribution to NPS) for the first time (No. 7: Any other income reported by employee [c] TIER-I, Inst. Const.) then they add it there in the head GROSS TOTAL INCOME.<br /><br />Now my confusion is, while filing ITR, where should I mention it because there is no option like this (refer to the attached image). I doubt whether I should show it as income from other sources. I seriously need your guidance on this. I am open for other informations, if required.<br /><br /><br />Thanks and regards<br />Bhupendra
  • August 2, 2018
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Hitesh Raj

Deduction benefit of NPS...
How much amount in deduction under 80C
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Vyshnav saikumar
Maximum amount is 1.5 lakhs
  • July 25, 2018
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Pankaj lande

80CCD(1) - Employee contribution towards NPS...
sir thanx for ur reply i have one doubt that i have created my nps account after april 2018..till then i was having no pran no. ..so when i checked my nps acc statement it showed 0 contributions upto march 18 and all the contribution i have made from march 17 to april 18 was shown for the month of ...
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Amlan Dutta
It all depends on assessing officer whether he is willing to consider .....Typically NPS account should show contribution during the year and not after year ends in order to be eligible for the benefit..if i were the assessing officer , i would not consider the contribution
  • July 23, 2018
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lakhwinder singh

80CCD(2) - Employer contribution towards NPS...
sir,
in my IT register which i have downloaded from my HRMS account is not showing employer's contribution towards my gross salary.(screen shot attached) and also not shown in form 16.(screen shot attached). employer's contribution has been showing in NPS annual statement.
while filling itr should i...
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Amlan Dutta
If it is not showing in payslips , form 16 etc ...it reflects employer didn't consider it for salary accounting purpose ...better to ignore it because anyways you will add and subtract it ...now , you will do nothing just to adhere to what the form 16 prescribes
  • July 22, 2018
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Vivek Shukla

80CCD(2) - Employer contribution towards NPS...
Hi Amalan,

I have declared 50k in NPS in section 80CCD(1B).
And in my company's flexi basket, I have declared 2995 as monthly reduction. This amount is debited monthly by my employer and getting submitted in NPS account by them.
But above amount is not getting reflected in 80CCD(2) of Form 16.
I a...
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Amlan Dutta
When you say ...monthly reduction , i believe that it is from the employer side ...now instead of givin to you they are putting in NPS and in that case I surely believe that in this case you can claim benefit of employer contribution in 80 CCD(2) despite them having not considered the same in form 1...
  • July 22, 2018
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Anil kumar

80CCD(2) - Employer contribution towards NPS...
Sir, My employer's contribution towards NPS is not shown or included in my total income shown in form 16, still i m eligible for rebate in sec 80ccd2 [employer contribution in NPS ] ?
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Amlan Dutta
Check NPS statement , if employer contribution reflects , then you can take benefit under 80 CCD(2) ...In gross salary it has already been added though not separately accounted for , i believe
  • July 21, 2018
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Ram Shravan Mahajan

Taxation of Sukanya Samridhi scheme...
Good Afternoon Sir,
Where to show the interest of Suknya Samuridhi Scheme which I received Rs.3159 in the financial year 2017-18 in ITR!? And my second question is in the same financial year I reimbursed the medical expenses as Rs. 40000. Now I only know that the same expenses are calculated in my g...
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Amlan Dutta
Under 11A, the interest accrued on this instrument is exempt ...you can show itin exempt income reporting section .Interest earned in this scheme as well as maturity amount is exempt from Income Tax wef F.Y. 2014-15. ..........iInfact ,amount deposited in this account also enjoys deduction benefit ...
  • July 21, 2018
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Sambit Kumar Mahali

80CCD(2) - Employer contribution towards NPS...
Sir u explained that employer's contribution comes under non exempt allowances and we can claim tax benefit of that amount under 80 ccd(2). I have filled my it return without claiming the employer's contribution and it shows the exact tax amount that was deducted from salary as tds. Now if I claim e...
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Amlan Dutta
It shows no employer contribution ....so i am not sure whether your employer is contributing towards NPS ....with this form 16 and the salary breakup offered, it is not clear whether employer has contributed towards NPS and so not prudent to claim it under 80 CCD(2)
  • July 21, 2018
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Lakhvir Singh

80CCD(2) - Employer contribution towards NPS...
Dear Sir I have gone through your video regarding inclusion of NPS in return...but I am confused regarding employer contribution..kindly tell where to add employer contribution in income (B1)
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Amlan Dutta
while showing in income , It comes in non exempt allowances..... It is already included in your gross and once you separate out basic and exempt allowances from gross ( not including perquisites and profits) , it shall get included in non exempt allowances ...while claiming in deduction it gets inc...
  • July 20, 2018
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ABHISHEK TYAGI

80CCD(2) - Employer contribution towards NPS...
Dear sir,

In my form 16 (Part B), employer contribution is not shown as income nor shown as deduction u/s 80CCD(2).

But someone told me that the contribution made by the employer shall be added as income to the salary of employee and there after the employee can claim deduction for the said amount.....
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Amlan Dutta
Very nice question ......i dunno how much my answer shall satisfy you though......Employer contribution towards NPS is definitely a part of salary and enjoys eligible deduction under 80 CCD(2) ...Even if not shown exclusively in form 16 , it is actually a part of your salary included in gross...whe...
  • July 20, 2018
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