Tax on employer contribution to approved super annuation fund
This query is : Resolved
28 March 2015
Is employer contribution to approved superannuation fund taxable
28 March 2015
Employer's contribution to an approved superannuation fund is exempt from tax u/s 17(2)(vii) to the extent of Rs. one lakh per annuam. Further, as per provision of Section 80CCD (2) contribution made by the employer to a notified pension scheme is exempt from tax to the extent of 10% of salary.
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