Employer's Contribution towards Pension Scheme - Section 36(1)(iva) - Income Tax - Ready Reckoner - Income Tax

Employer s Contribution towards Pension Scheme - Section 36(1)(iva) Sum paid by employer by way of contribution towards pension scheme as referred to in section 80CCD allowed as deduction if it does not exceed 10% [ 14% w.e.f. 01.04.2025 substituted vide Finance (No. 2) Act, 2024 ] of salary of employee. Where salary includes dearness allowance, if the term of employment so provide, but excludes all other allowances and perquisites.