80c deductions

This query is : Open

ammaji rajulapati (Querist)
Follow

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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

10 January 2015 Only employee contribution is allowed as deduction u/s 80C.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

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.

CMA MUNIKOTI CHANDRA SEKHAR

CMA MUNIKOTI CHANDRA SEKHAR (Querist)
Follow

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RAGHUNATH KASIBHOTLA

CA Sunny Sharma

Raviraj ponkshe

adarsh chaturvedi

DEEPAK BHARGAVA

Subscribe Now

80c deductions

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

CA Final

Article Assistant

Manager- Finance and Compliance

GST CONSULTANCY

GST CONSULTANT