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Can a company match my NPS contribution?

The employer's contribution to NPS qualifies for a tax deduction under Section 80CCD(2)

Can a company also contribute an amount equal to my contribution to National Pension Scheme (NPS)?
- Avinash Prabhu

Many companies match their employees' contribution to National Pension Scheme (NPS). The employee can claim a tax deduction on his contributions under Section 80CCD(1). The employer's contribution to NPS qualifies for a tax deduction under Section 80CCD(2). The tax deduction on employer's contribution is over and above the ₹1.5-lakh deduction permitted under Section 80C.

This article was originally published on March 09, 2016.

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