Conribution to recognised pf
This query is : Resolved
12 December 2013
if an employer contribute 15% of salary i.e 500000 pa and rate of int 12% on pf amount.
what is taxable amount-
15%-12%=3% of 500000= 15000
int.taxble 12%-9.5%= 2.5% = on what amount
75000 or 60000
12 December 2013
3% of salary contributed by employer on behalf of employee and same in intt. is include in salary and taxable in hand of employee.
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