17 February 2008
YES,EMPLOYEES CONTRIBUTION( NOT BEING REPAYMENT OF LOAN) TOWARDS STATUTORY AND RECOGNIGED PROVIDENT FUND IS ELIGIBLE FOR 80 C DEDUCTION. YOU MAY EVEN CONTRIBUTE VOLUNTARILY ALSO MORE AMOUNT THAN STATUTORY MINIMUM. MAXIMIUM CAP UNDER 80 C IS RS. ONE LAKH. R.V.RAO
18 February 2008
Yes employees contribution to provident fund is entitled to deduction under section 80C up to a maximum of Rs.100,000 including other savings made under this section.
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