Pf contribution.

This query is : Resolved

Binu (Querist)
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02 March 2015 I work in private company .As per current status company not come under the preview of Provident fund. If there is any scheme for direct deposit in provident fund account.Can I get deduction as Per Income tax rules against this deposit.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 March 2015 Opt for PPF(public provident fund) same deduction u/s 80C is available. This can be made in state bank of India.

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Binu

Binu (Querist)
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02 March 2015 Dear sir.
Thank you for your reply.I have one more doubt whether it is taxable when we are withdraw this account or maturity . Kindly advise the same

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 March 2015 No it is not taxable when you withdraw on maturity.

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