80c deductions
This query is : Open
10 January 2015
friends ,
in 80c deductions employee & employer contribution is allowed as under section 80c
or only employee pf contribution is allowed as a deduction
in 80c deductions employee & employer contribution is allowed as under section 80c
or only employee pf contribution is allowed as a deduction
10 January 2015
Only employee contribution is allowed as deduction u/s 80C.
10 January 2015
Only employee's contribution is eligible for deduction u/s 80C. An employee makes investment while making PF contribution which is eligible for deduction u/s 80C whereas employers contribution is an Income for employee. Employers contribution is exempt upto 12%. In case any employer contributes more tham 12% then amount in excess of 12% will become taxable in the hands of employee.
11 January 2015
Only employee contribution as 80c contains savings & Investments from employee point of view only
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