Deduction U/s 80C relating to Provident Fund

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies how much deduction an individual can claim under Section 80C for their Provident Fund contributions. It addresses a scenario where both Employees' Contribution to Provident Fund (EPF) and Voluntary Contribution to Provident Fund (VPF) are shown in Form 16, totalling £1,40,000. The guidance confirms that both EPF and VPF contributions are eligible for deduction under Section 80C.

Neha

Neha (Querist)
Follow

18 December 2021 Sir/Madam
Please provide guidance. In Form 16 of a salaried employee
Deduction Employees Contribution to Provident Fund 70000
and
Voluntary Contribution to Provident Fund 70000 is showing.

How much deduction under Section 80 C can this individual claim in his ITR-1.

Thanks for the Help in advance