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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Gift of mutual fund units to daughter
- Under construction property in ITR
- Not able to file ITR
- Building tax payment deduction in rental Income
- Reporting of STCG on Property in ITR
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
