Interest on pf contributions

krishna iyer (Sr.Finance Manager) (197 Points)

28 March 2017  

80 C DEDUCTION IS UPTO A LIMIT OF 1.5 LACS.   

MY QUERY IS- CAN WE VOLUNTARILY CONTRIBUTE MORE AMOUNT TO PF ACCOUNT (MORE THAN 1.5 LACS , BUT LIMITING 80 C DEDUCTION TO 1.5 LACS). WHETHER  THE INTEREST EARNED ON SUCH EXCESS CONTRIBUTIONS -WILL BE TAX FREE

KINDLY ADVISE