New Pension Scheme

Dear Mr Batra

As per 80CCE(2) contribution of the Employer to an Employee's NPS account is not considered for calculation of Tax.

Please let me know :

  1. whether both employer and employee have to contribute equal amount or only Employer can contribute also.

  2. Since already half of the financial year has completed, can a employer contribute to NPS for the Period of April to August for an employee in service during that period.

I would much appreciate your immediate reply

With regards

Rajan Sarup Mobile No 9810288987 (Delhi)

asked Sep 15 '11 at 23:29 by rajan 1222

Unlike EPF, new pension scheme does not have much limitations on employer/employee contribution as of now. But employer contribution upto maximum 10% of salary (basic+DA) is allowed to be not considered as a part of salary.

As per my knowledge, employer can deposit contribution for previous months in same financial year too.

answered Sep 23 '11 at 23:38 by pankaj 5.2k320


Know someone who can answer? Share a link to this question via email, twitter , or facebook

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text]( "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported



Asked: Sep 15 '11 at 23:29

Seen: 2,223 times

Last updated: Sep 23 '11 at 23:38