EMPLOYER PF CONTRIBUTION TAXABILITY

This query is : Resolved

Javed Memon (Querist)
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30 July 2022 Respected Sir ,
My Emloyer Added PF Employer Contribution In My Salary
It is Exempt or Taxable ?
can I Calim as exempt Income in Income Tax Return

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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30 July 2022 Employers contribution of PF to recognized fund is tax free under IT act

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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30 July 2022 If the employer's contribution to the recognized provident fund is in excess of 12% of salary, then such contribution can be added to salary of employee. Otherwise, employer committed a mistake to be corrected from their end.

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Javed Memon

Javed Memon (Querist)
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30 July 2022 Thanks al to of sir for Replies ,
But 80ccd(2) is for Pension Scheme , it will be applicable also in PF Contribution ???

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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30 July 2022 80CCD(2) is not applicable to RPF, but applies to NPS and pension scheme notified in 2003.

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Javed Memon

Javed Memon (Querist)
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30 July 2022 Thanks a lot For Sir For Replies