n NISM Certifications
XVII NISM Series XVII
Medium

Under Sec 80 CCD (2), what tax benefit is available in NPS?

Practice question from NISM Series XVII- Retirement Adviser Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    No such section exists

  2. B

    Employer’s contribution up to 10% of basic salary and D.A. as deduction to employer

  3. Employer’s contribution up to 10% of basic salary and D.A. as deduction to employee

    Correct answer

  4. D

    Employer’s contribution up to 10% of basic salary and D.A. as deduction to government employees only

Why this is the answer

Contributions by the employer up to 10% of basic pay and D.A. are deductible from the employee’s taxable income.

Test yourself for real

Take a full NISM Series XVII mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.

NISM Series XVII- Retirement Adviser Moc…