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Discussion > Income Tax > Tax queries >

Reg EPF round off

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[ Scorecard : 55]
Posted On 27 March 2008 at 09:26 Report Abuse

I understand from the EPFO that the PF contribution of the employee can be rounded off to the nearest rupee, half rupee or even quarter rupee. Is this round-off mandatory or is any two digit decimal value allowed? In addition, can the case be different in the case of employee contribution and employer contribution? Who decides this criterion and will this be same for employee and employer?

Thanks in advance.


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