Categories
Pagination Scroll
ATUL THAKUR

Category : Deductio..,
Solved
Sir,

I am working in a nationalised bank. In my form 16,part B, this NPS Contribution mentioned under section 9.A.(c) & 9.B.(b) , as you can see from screenshot,that my 80ccd(1) contribution in section 9.A(c) is shown as Rs 75117, and 80ccd(1B) deduction is Rs 36325 . and deduction under 80ccd2(empl...
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
I will not go into extensive explanation , i have already made the subject amply clear in my videos ...in short , you can show 50,000 in 80 CCD(1B) and yes , you can show employer contribution in 80 CCD(2) ...You will get a adjustment notice for variance with form 16 and your return figures shall b...
Mohsin Razaq

Category : 80CCD(1)..,
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.
  • Show Placeholder
  • Hide Discussion
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)
PARTHA SARATHI MAJEE
Yes absolutely right one of my friend already got the refund by claiming in same circuimstance
RAJU KUMAR PRASAD

Category : Employee..,
Solved
Sir mai railway ka employee hu aur mera NPS Tier-I basic ka 10% deduct ho jata h, mai us amount ko 80CCD(1) or 80CCD(1)(B) me dikhau?????? Pls help
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
If it is your own contribution , i.e employee contribution , you have choice to show it between 80 CCD(1) or 80 CCD(1B) ...note that is covered within 80 C limit whereas 80 CCD(1B) is in addition to 80C limited to lesser of 50000 or 10% of salary
Gian Naorem

Category : 80CCD(2)..,
Solved
Sir , can I claim employer contribution towards NPS even if my deduction in 80c does not reach 150000???
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
Yes and under 80ccd (2)
Bhupendra Singh

Category : 80CCD(2)..,
Solved
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 ...
  • Show Placeholder
  • Hide Discussion
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...
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
Pankaj lande

Category : 80CCD(1)..,
Solved
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 ...
  • Show Placeholder
  • Hide Discussion
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
lakhwinder singh

Category : 80CCD(2)..,
Solved
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...
  • Show Placeholder
  • Hide Discussion
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
Vivek Shukla

Category : 80CCD(2)..,
Solved
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...
  • Show Placeholder
  • Hide Discussion
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...
Anil kumar

Category : 80CCD(2)..,
Solved
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 ] ?
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
Check NPS statement , if employer contribution reflects in NPS , then you can take benefit under 80 CCD(2) as per eligibility ...In gross salary it has already been added though not separately accounted for , i believe
Sambit Kumar Mahali

Category : 80CCD(2)..,
Solved
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...
  • Show Placeholder
  • Hide Discussion
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)
Lakhvir Singh

Category : 80CCD(2)..,
Solved
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)
  • Show Placeholder
  • Hide Discussion
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...
ABHISHEK TYAGI

Category : 80CCD(2)..,
Solved
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.....
  • Show Placeholder
  • Hide Discussion
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...