How to Declare NPS for Employees: A Step-by-Step Guide

How to declare NPS Declaration

NPS DECLARATION

How to declare NPS Declaration

Step-by-step instructions for employees to declare National Pension Scheme contributions for tax benefit under Section 80CCD.

How-to
👥 WHO USES THIS
â–¸Employees contributing to NPS
â–¸HR guiding NPS enrollees
â–¸Payroll admins supporting declarations
✨ WHAT YOU'LL ACHIEVE
â–¸Declare NPS contributions accurately
â–¸Claim Section 80CCD deductions
â–¸Submit PRAN and proof details

As an employee navigate to My Finance → My Declarations → NPS Declarations.

  • Click the Update button available on the right-hand side.

  • Enter the Employer Share percentage as per your chosen tax regime:
    Old Regime – You can declare up to 10%.
    New Regime – You can declare up to 14%.
    (The system will not allow you to enter more than the permitted limit for your regime.)

  • The system will allow you to declare the percentage with up to two decimal places. Eg: 8.15% percentage as Employer share.

  • After entering the percentage, click the Preview.The monthly and annually calculated amount will be displayed, then click Save button.

  • Once saved, the Monthly and Annual contribution amounts will be calculated automatically and reflected in your Salary Details.

  • The updated percentage will be automatically reflected in your Salary Details.

  • As a payroll admin, you can update the FBP components for employees in the Salary Details module.To do this, navigate to: My Team Finance → Salary Info → Salary Details



Fig: NPS Declarations

Fig: NPS Declaration- Preview

Fig: View- NPS Declaration

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