Deduction U/s 80C relating to Provident Fund


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.

(Querist)
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

18 December 2021 https://cleartax.in/s/know-tax-efficiency-voluntary-provident-fund

22 December 2021 an employee may claim EPF as well as VPF as the same time. In total 1,40,000/-.


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