FORM 16 Issue

[Former Member]

Dear Expert,

My client has maintain infotype 585 with Contribution to certain Pension Fund as Rs. 50000/- as proposed amount.

After running payroll, client is executing Form16 t-code PC00_M40_F16.

When Form 16 generated, point no. 9 - DEDUCTIONS UNDER CHAPTER 6A, in section 80CCC my amount is reflecting. Actually the amount should reflect in 80CCD in FORM16.

Screenshot attached.

Awaiting for your expert response.

[venkateshorusu · Accepted solution]

For your reference go through below link as well.

Deduction on Contributions To Certain Pension Funds- Sec.8OCCC

Regards

Venkatesh

[Former Member]

Thanks for your help.. It was really helpfull.

Issue resolved.

Regards,

Ninad

[venkateshorusu]

Go through below links as well.

Close the thread as well.

Regards

Venkatesh

[former_member140346]

Hi Ninad,

Contribution given under "Contribution to certain Pension Funds" header in IT0585 will be considered under Section 80C.

For 80CCD, you either need to enter the values in IT0587 for Employee/Employer NPS, or in IT0585 under the header "Contribution to Pension Fund of Central Govt."

Best Regards,

Aman

[venkateshorusu]

I feel it is correct only contribution to certain pension funds are part of Section 80CCC only cross check with business process owners.

Sec. 80CCD- Additional deduction for National Pension System contribution.

Regards

Venkatesh