Employer Contn in Excess of 12% U/s 80C
This query is : Resolved
17 July 2010
Hi
As you know that Employer Contribution in excess of 12% of salary is included in Taxable salary.
Now can the Employee claim exemption U/s 80C towards contribution to PF to the extent of Excess, since he is paying tax on same (Means his income)?????
As you know that Employer Contribution in excess of 12% of salary is included in Taxable salary.
Now can the Employee claim exemption U/s 80C towards contribution to PF to the extent of Excess, since he is paying tax on same (Means his income)?????
18 July 2010
No. Employer contribution will not forming part of sec.80C, Even his paying tax but he is not paying money as savings
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