Accounting · Income Tax - Deductions
What is the specific limit or provision available under Section 80CCD(2) of the Income Tax Act regarding deductions for employer's contribution towards National Pension Scheme (NPS)?
- 1A flat ₹50,000 Contribution by an Individual Assessee.
- 210% of Salary Contribution by any Employee.
- 314% of Salary Contribution by the Central Government or State Government for its Employees.✓
- 420% of Gross Total Income by a Self-Employed Individual.
Correct answer
14% of Salary Contribution by the Central Government or State Government for its Employees.
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