Add NPS Contribution

Add the employee contribution to the National Pension Scheme(NPS) in the central government.

Section 80CCD (1) includes the employee contribution to National Pension Scheme (NPS). NPS is supported both for central and state government employees with fixed contribution rates. Employee contribution to other pension schemes in the central government are also considered.

This is considered during the income tax computation and needs to be within the overall ceiling of Rs.1.5 Lakhs. The employee’s contribution is eligible for the tax deduction up to 10% of salary (Basic + DA) in section 80CCD(1).

Note:

The total exemption for 80C + 80CCC + 80CCD(1) should not exceed the limit Rs.1,50,000.

Add National Pension Scheme Contribution

Navigation: My Client Groups > Person Management > Search employee > Calculation Card > Statutory Deductions > Income Tax > Investment Declarations > Chapter VIA Deductions > Other deductions in Chapter VIA

1. Enter the additional NPS fund contribution details:

   Field	Description
   80CCD(1) NPS Contribution	Enter the invested amount in section 80CCD (1B) NPS or other pension schemes notified by the central government. Note: Enter the total value if there are multiple investments made in this investment category.

2. Submit the NPS contribution details.