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How to enable the New Defined Contribution Pension Scheme to reflect under Section 80CCD1 & 80CCD2
We have a specific Pension Scheme for our Customer which is called New Defined Contribution Pension Scheme (NDCPS), similar to National Pension Scheme (NPS). The element was configured both Employee & Employer Contributions
We need the provision for NDCPS to be configured similar way to NPS. So that system could allow us the input the NDCPS Employee/ Employer amounts processed every month, to the same Balance definition where NPS is also fed. So that the automatic consideration under appropriate tax sections 80CCD1 & 80CCD2 will take place without disturbing any tax exemption limits decided by Indian govt.