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Querist : Anonymous

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Querist : Anonymous (Querist)
04 October 2015 DEAR SIR

Is employee provident fund shall include in salary income and entitled to any deduction under section 80 c ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
04 October 2015 Employees PF contribution is not included in salary. For this you will get deduction u/s 80C subject to overall limit of Rs 1.5 Lacs.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 October 2015 Employer's contribution is not included in salary and exempted.
Employees contribution is from salary.



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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
04 October 2015 Employers contribution is exempted upto 12% only. Employers contribution in excess of 12% is taxable.

In general employers contribute 12% only.

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