Section 80CCD(2): Income tax deduction for contributions by employer to eligible NPS
Who can claim
Individual Assessee
Eligibility
On contributions to eligible NPS made by employers
Tax Benefit
The amount of deduction shall be:
Amount Contributed
or
14% of Salary(Basic + DA), in case the employer is Central Govt
10% of Salary(Basic + DA), in case of any other employer
- whichever is lower
