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Income tax · both regimes

Section 80CCD(2) is employer NPS

This page is the employer contribution row in the filing table. It is not the employee NPS proof. The office is at 515 Trichy Road, Singanallur.

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Quick answer

This page is section 80CCD(2). Home-loan interest stays on the section 24(b) page. The employee proof stays with the other proofs on the income-tax filing page. Do not send the income-tax password in chat. Call +91 94454 38387.

What the filing table states

Employer NPS under section 80CCD(2) is allowed on both regimes. The new-regime cell says up to 14% of salary. The old-regime cell says up to 10% / 14%. The new regime is the default under section 115BAC. You choose before the return is filed.

The table does not say which of those two old-regime figures applies. Confirm that on the return. The employer figure is read with Form 16.

What it is not

NPS under section 80CCD(1B) is a separate proof on the filing page. This page does not state that limit. Section 80C, section 80D, house rent allowance, and section 24(b) are different rows. This page does not state their limits.

Before the return is filed

  1. Send Form 16, and say which regime you want compared.
  2. The desk says whether the employer contribution fits section 80CCD(2).
  3. You choose before the return is filed, and you approve the draft. Filing stays on the income-tax filing page.
  4. You complete e-verification yourself. That step is on the e-verification page.

After the return is filed, e-verify within 30 days. The return is quoted before it is filed. The first discussion is free.

Common questions

Is employer NPS allowed on the new regime?

Yes. The filing table says employer NPS under section 80CCD(2) is allowed on the new regime, up to 14% of salary. It is also allowed on the old regime.

Which old-regime figure applies?

The old-regime cell says up to 10% / 14%. The table does not say which of those two figures applies. Confirm that on the return.

Is the employee NPS proof the same row?

No. NPS under section 80CCD(1B) is a separate proof. This page does not state that limit.

Related pages

Section 24(b)A different row Section 80CNot this contribution Tax slabsOld regime or new regime Income tax filingThe table this page uses

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